The 2024 BRICS Summit will be held in Kazan, Russia, from October 22 to 24, marking the first meeting since the group expanded to include five new members. The summit aims to strengthen partnerships in politics, economics, and culture, with a focus on reforming global governance systems and integrating new members effectively.
Discussions at the summit will cover topics such as establishing a BRICS payment system, addressing climate change, enhancing energy cooperation, and promoting scientific collaboration. This year’s summit emphasizes bolstering strategic partnerships in trade, investment, innovation, and technology, aiming for robust economic growth among member nations.
Experts suggest that BRICS countries seek to address imbalances in international governance by amplifying the voices of developing nations. The summit will also explore exploring alternative payment systems and boosting energy and infrastructure projects through the New Development Bank.
This year’s summit, themed “Strengthening Multilateralism for Equitable Global Development and Security,” aims to enhance international governance and give developing nations a greater voice in global affairs. BRICS seeks to reform the existing global governance system to make it fair and equitable, not to create an adversarial system to the G7.
By fostering partnerships and exploring innovative financial solutions, BRICS aims to create a more balanced and diverse global financial system. The summit will focus on cooperation and solidarity among member nations towards achieving equitable global development.