The 14th BRICS Summit: Promoting Stability, Cooperation, and Global Recovery

Significant Facts of BRICS

• BRICS Plus: The concept of "BRICS Plus" was introduced, inviting countries from different regions to participate in the summit. 
• Brasilia Outcome: The Brasilia Declaration outlined the shared worldview and the spectrum of work undertaken by the leaders.
• New Development Bank (NDB) projects: The NDB, a flagship achievement of BRICS, has financed 44 projects with a lending amount of $12.4 billion in just five years. 
• Local Currency Bond Fund: BRICS governments are working towards establishing a Local Currency Bond Fund, building on the success of the Contingent Reserve Arrangement, to strengthen financial cooperation.

14th BRICS Summit: Key Highlights and Initiatives

Theme: Fostering High-quality BRICS Partnership, Ushering in a New Era for Global Development

Adopting the Beijing Declaration:

• BRICS expresses support for talks between Russia and Ukraine
• Willingness to aid in humanitarian efforts through the United Nations and the International Committee of the Red Cross (ICRC) in Ukraine
• Concerns raised about the situation in Taliban-held Afghanistan

Discussions on Key Issues:

1. Humanitarian Situation in Ukraine: BRICS expresses concern about the humanitarian situation in and around Ukraine. Support for the UN Secretary-General, UN Agencies, and ICRC in providing humanitarian assistance based on principles of humanity, neutrality, and impartiality

1. Terrorism: BRICS emphasizes that the UN Security Council holds the authority to impose sanctions regarding terrorism. Strong stance against the use of Afghan territory as a safe haven for terrorists or for launching attacks on other countries

Initiatives: Denial of Safe Haven to Corruption and Framework for Consumer Protection in E-commerce