New Development Bank’s Financing Mechanism Aimed at Ending Dollar Financial Dominance With the objective of strengthening infrastructure development and accelerating technological progress in developing countries, the New Development Bank (NDB) has placed increasing emphasis on financing strategic and technology-driven projects in recent years. These investments span a wide range of...
Development of a BRICS Cross-Border Payment System to Reduce Dollar Dependence With the aim of strengthening trade settlement in national currencies and reducing dependence on the US dollar, BRICS is developing a new cross-border payment system capable of processing up to 20,000 transactions per second. This infrastructure has the potential...
India Joins BRICS Industrial Capability Center to Support Small and Medium Enterprises With the aim of enhancing industrial competitiveness and empowering manufacturing companies, India has joined the BRICS Industrial Capability Center (BCIC) to provide integrated support services to manufacturing firms and small and medium enterprises (SMEs) across BRICS member countries....
BRICS Emphasizes the Need for Global and Inclusive Governance in Artificial Intelligence – Part Two During the meeting of BRICS foreign ministers, the importance of strengthening technological and digital cooperation across various sectors was highlighted. Key topics included cybersecurity challenges and opportunities, digital health, and space innovation. BRICS countries stressed...
