BRICS Financial Working Group Recommendations for Investment and Sustainable Financing
The BRICS Financial Working Group includes several subgroups such as industrial financing, investment, taxation, insurance, banking, and strengthening cooperation among member countries. This working group has provided key recommendations for sustainable financial and economic development.
Investment and Support for Small and Medium Enterprises (SMEs)
- Establishing the BRICS SME Fund with the support of the New Development Bank
- Exploring support for SMEs in terms of intellectual property rights
Insurance, Financing Framework, and Sustainable Development
- Implementing the BRICS Reinsurance Initiative and institutional structure under the BRICS Business Council
- Continuing cooperation to develop the BRICS Transition Finance Framework
- Utilizing the New Development Bank to finance green economy projects
- Supporting the creation of the BRICS Sustainable Development Network and engaging key stakeholders in sustainable development
