BRICS considers a shared insurance resilience platform

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...

Leaders recognized task-force work on interoperability and local-currency settlements, inviting further discussion of accessible low-cost payment options; no single BRICS currency was launched.

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.

Leaders urged the NDB to diversify funding sources and expand local-currency finance for infrastructure, sustainability and development priorities.