BRICS explores faster cross-border payments

The declaration welcomed a proposed expert working group on traditional, complementary and integrative medicine, with attention to evidence, quality and safety.

Leaders acknowledged further work on the proposed BRICS Grain Exchange and food reserves and drought-resilient seeds. The exchange remained under discussion.

Leaders recognized varied national energy needs and common but differentiated responsibilities while supporting energy security and lower emissions.

The declaration called for fair supply chains, benefit sharing and value addition in resource-rich countries while preserving sovereignty over mineral resources.

Leaders welcomed principles for assessing export-oriented MSME credit and a Jaipur agreement to study invoice discounting for working capital. The financing mechanism was a study, not a live...

The declaration noted voluntary discussions of an Insurance Resilience Centre and an Indian proposal for a Risk Lab, without saying either was operational.

Leaders noted progress on a proposed New Investment Platform and discussions about a study group, using a phased, consensus-based and member-driven approach.

Leaders discussed amendments to the Contingent Reserve Arrangement treaty to make crisis response more flexible and interest from newer members in joining voluntarily.

Leaders backed work on a UN tax convention and welcomed working groups on transfer pricing and revenue statistics and networks for tax knowledge sharing.

The declaration welcomed a BRICS–NDB portal to share development experiences, policy lessons and projects across chairships.