Overview
- Leaders at the BRICS summit in New Delhi adopted the 45‑page New Delhi Declaration unanimously after meetings held on Sept. 12–13, 2026, producing a single text that all 11 members signed.
- The declaration demands comprehensive reform of global institutions by calling for greater representation in the United Nations Security Council and changes to the IMF and World Bank to boost Global South voice.
- Members backed steps to boost financial autonomy by promoting local‑currency trade settlement and strengthening the BRICS Payment Task Force while explicitly rejecting a single BRICS currency.
- The summit moved beyond statements to concrete cooperation plans that include AI collaboration, a BRICS remote‑sensing satellite constellation, a proposed grain exchange, stronger New Development Bank mandates, and a Troika mechanism and implementation roadmap to track follow‑through.
- Observers say the main outcome is diplomatic: India’s chairmanship brokered consensus across deep divides, but the real test will be turning the declaration into working projects and preserving balance as China assumes the 2027 chairship.