Brazil assumes BRICS presidency

Leaders encouraged the development bank to expand local-currency financing and mobilize resources for infrastructure and sustainability.

The declaration welcomed a Russian initiative for a grain exchange to support agricultural trade and food security. The exchange was a proposal.

Leaders welcomed work toward a UN framework convention on international tax cooperation, aiming for a more inclusive voice in tax rules.

The declaration called for an immediate ceasefire, humanitarian access and support for Palestinian statehood while noting South Africa’s case before the International Court of Justice.

The BRICS Plus session brought other Global South leaders into dialogue on peace, development and more representative governance. Attendance was distinct from full membership.

Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda and Uzbekistan took part in the new partner category. This status was separate from full membership.

Brazil’s chairship announced Indonesia’s formal entry, bringing Southeast Asia into the full membership after earlier expansion discussions.

Brazil welcomed Nigeria’s acceptance of partner status, widening African participation without making it a full BRICS member.

Brazil set out priorities including health equity, climate cooperation and global governance reform for the expanded group.

Ministers addressed climate action and environmental cooperation while recognizing differences in national circumstances.