Speaking at the BRICS Finance Minister and Central Bank Governors meeting, Finance Minister Nirmala Sitharaman highlighted India's demonstrated resilience through a combination of strong domestic demand, prudent macroeconomic management, and targeted fiscal measures.
BRICS member nations have called on advanced economies and the international financial system to provide "substantial" finance for climate mitigation in developing economies.
The Finance Ministers and Central Bank Governors (FMCBG) of the BRICS nations have voiced "serious concerns" about the unilateral imposition of tariffs and non-tariff measures, in apparent reference to the US, which they deemed inconsistent with World Trade Organisation (WTO) rules.
The United Arab Emirates, represented by Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has participated in the BRICS Business Forum on the sidelines of the 17th BRICS Summit in Rio de Janeiro, Brazil.
BRICS Sherpa Secretary (ER) Dammu Ravi participated in the BRICS Sherpas Meeting being held in Rio de Janeiro. During the meeting, the participants discussed multilateralism, sustainable development, and the enhancement of intra-BRICS cooperation.