BRICS supports local-currency development finance

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.

The declaration called for the return of heritage and objects of spiritual, ancestral, historical and cultural value to countries of origin, as well as cooperation among museums and archives.

Leaders welcomed common principles for landscape greening and wildfire preparedness while recognizing the conservation role of tropical forests and mangroves.

The declaration linked consecutive G20 presidencies of Indonesia, India, Brazil and South Africa to a stronger Global South voice in global economic governance.

The leaders expressed support for China to chair BRICS in 2027 and host its next summit.

The bank listed Stage I of the Olifants Management Model Program as a sovereign water and sanitation project in South Africa, dated 17 September.