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BRICS to launch guarantee fund to boost investment in member nations: Reuters
- The BRICS nations are set to introduce a multilateral guarantee mechanism supported by the New Development Bank, aimed at lowering financing expenses and encouraging greater investment among member countries.
- This initiative arose to address global investment shifts and uncertainty over US economic policy, with technical approval already granted by member states.
- The fund, modeled after the World Bank’s investment guarantee agency, aims to mobilize five to ten dollars of private capital for each guarantee dollar provided by the NDB.
- Officials expect pilot projects to start receiving guarantees in 2026 after technical preparations conclude by year-end, while BRICS trade recently surpassed $1 trillion.
- The fund’s final approval awaits signoff from BRICS finance ministers and is considered central to Brazil’s financial agenda during its current presidency.
16 Articles
16 Articles
India in BRICS: facilitator or spoiler?
The BRICS group of developing nations - Brazil, Russia, India, China and South Africa - intends to announce a new guarantee fund backed by the New Development Bank (NDB) to reduce financing costs and stimulate investment. The proposed BRICS Multilateral Guarantee (BMG) mechanism, developed within the NDB, has received technical approval from member states. This initiative draws inspiration from the World Bank's Multilateral Investment Guarantee …
At the opening of the tenth annual meeting of the New Development Bank (NDB) in Rio de Janeiro, on Friday, July 4, the president of the financial institution, Dilma Rousseff, reaffirmed the right and capacity of the nations of the Global South to chart their own development paths. Rousseff emphasized that the BRICS countries and the Global South are not passive recipients of imposed growth. The leader of the NDB criticized the resurgence of unil…
BRICS to launch guarantee fund to boost investment in member nations, sources say
The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters.
Part of this progress comes from a report produced by the Brazilian Central Bank, after consulting other BRICS countries.
BRICS plans guarantee fund under new development bank
Brazilian officials believe that the fund will be one of the key points of the BRICS financial program during their chairmanship of the group, and this topic will be highlighted in the joint statement from the BRICS summit in Rio de Janeiro, sources close to the negotiations said. The BRICS group, founded by Brazil, Russia, India and China, and later joined by the Republic of South Africa, has expanded in the last year to include countries such …
BRICS Nations Surpass $60 Trillion in Assets, Russian Minister
Russian Finance Minister Anton Siluanov announced that the total financial assets of BRICS nations have now exceeded $60 trillion, underscoring the bloc’s expanding economic footprint and growing influence on global financial architecture.
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