Overview

• Envoys from member states condemned terrorism and urged unified security measures following attacks like the Pahalgam incident
• Delegates endorsed expanding national currency use for intra-BRICS trade to curb reliance on the US dollar
• Proposals for a shared BRICS currency were ruled out due to the challenges of harmonizing fiscal and monetary policies
• The bloc, now including Egypt, Ethiopia, Iran, the UAE and Indonesia, will adopt declarations on climate finance and artificial intelligence governance
• India, set to chair BRICS in 2026, plans to steer the grouping toward enhanced security cooperation, United Nations reform and climate initiatives