NDB signs freight rail loan with Transnet

The first BRICS Women’s Entrepreneurship Forum brought together business networks and drew attention to women’s access to finance and innovation.

The forum advanced a roadmap for tourism exchanges, skills, sustainable tourism and digital services.

Parliamentary representatives signed a protocol linked to the forum’s memorandum, strengthening exchanges among legislatures after enlargement.

A US$1 billion loan supported water supply and sanitation infrastructure in municipalities, addressing basic service gaps.

At their ninth annual meeting, governors discussed sustainable investment and the bank’s development priorities in its African host country.

The leaders placed more representative global governance, sustainable development and cooperation among the expanded membership at the centre of the summit.

The Kazan Declaration endorsed modalities for a category through which other emerging and developing countries could cooperate without becoming full members.

Leaders sought more meaningful representation for Africa, Asia and Latin America in international decisions, including UN Security Council reform.

The declaration welcomed local-currency settlements and a voluntary, non-binding payments initiative. It did not launch a common BRICS currency.

Leaders called for a feasibility study of cross-border settlement and depositary infrastructure. A study proposal was not an operational system.