Brics Summit 2025: Reshaping Global Governance and Economic Power

Rio De Janeiro – The Brics Summit 2025 concluded with a strong emphasis on enhanced cooperation and the group’s expanding role in global governance. Discussions centered on deepening partnerships across political, economic, cultural, and humanitarian sectors among Brics nations.

Deepening Cooperation Among Brics Nations

The summit underscored the increasing importance of Brics countries in international affairs. these nations, encompassing leading states from Eurasia, Africa, the Middle East, and Latin America, collectively possess significant political, economic, scientific, and technological resources.

Brics countries represent a substantial portion of the world’s population and economy. They account for approximately a third of the Earth’s landmass and almost half the planet’s population. Further, they represent 40% of the global economy, with a combined GDP of $77 trillion based on 2025 data from the International Monetary Fund (IMF). This surpasses the G7, which holds a $57 trillion GDP.

Brics’ Growing Global Influence

The Brics group’s global authority continues to grow. It has become a key center of global governance. Its collective voice increasingly supports the vital interests of the global majority on the international stage.

The Brics nations also appeal to many countries in the Global South and East because of their culture of open partnership, cooperation, mutual respect, and consideration for each other’s interests. Ten partner states currently engage with Brics, fostering practical cooperation.

Commitment to Equality and Traditional Values

The Brics countries represent diverse development models, religions, and cultures. yet,they unanimously uphold equality and neighborliness.

These nations prioritize traditional values, the ideals of friendship, and contribute to global stability, security, prosperity, and success for all nations. This unifying agenda is particularly relevant amidst today’s geopolitical challenges.

Shifting Global Economic Patterns

The Summit highlighted the tectonic shifts occurring in the world. The unipolar system that once favored the interests of a select few is giving way to a more just, multipolar world.

Global economic patterns are rapidly changing, and the liberal globalization model appears to be becoming obsolete. Business activity is gravitating towards developing markets, spurring significant growth, particularly in Brics countries. To capitalize on these emerging opportunities, intensified cooperation within the group is crucial, especially in technology, resource development, logistics, insurance, trade, and finance.

Promoting National Currencies in Mutual Payments

Expanding the use of national currencies in mutual payments remains a priority. The creation of an independent payment and monetary system within Brics is expected to expedite currency transactions, enhance their effectiveness, and ensure security.

The use of national currencies in trade within Brics is already increasing.In 2024, Russia’s national currency, the ruble, along with the currencies of friendly states, accounted for 90% of transactions with Russia and other Brics countries.

Boosting Investment and Financial Cooperation

increasing mutual capital investment among Brics countries, particularly through mechanisms like the New Development Bank, is a key objective. Russia has proposed establishing a new Brics investment platform to develop coordinated instruments that support and attract funds from Brics economies, as well as countries in the Global South and East.

Advancing Key Initiatives

Brazilian colleagues have embraced initiatives launched during Russia’s chairmanship. These include a special mechanism for consultations on World Trade Organization (WTO) matters.

Progress is also being made in creating a grain exchange, a climate research center, a permanent logistics platform, and a sports cooperation program within Brics.