Story perspectives

BRICS Summit in New Delhi Pushes Inclusive Financial Reforms

9/8/2026

Left

India Hosts BRICS

India hosted the 18th BRICS Summit in New Delhi on September 12-13, 2026.
The summit was presented as an opportunity to strengthen Global South leadership and promote inclusive financial reforms.
New Delhi undertook beautification, road upgrades, floral displays, and cultural programs ahead of the summit.
The summit theme—Building Resilience, Innovation, Cooperation and Sustainability—targets supply-chain shocks, trade protectionism, and geopolitical tensions.

Right

Vieira Defends BRICS

India hosted the 18th BRICS Summit in New Delhi on September 12-13, 2026.
Brazilian Foreign Minister Mauro Vieira stressed BRICS is not an anti-Western bloc and is adding voluntary, low-cost significant global payment systems.
Pix and UPI are highlighted as tools for settling trade in any currency.
Vieira said Bretton Woods institutions lag economies and praised the New Development Bank’s equitable financing.

Blindspot

Brazilian Foreign Minister Mauro Vieira said BRICS is not an anti-Western bloc and is developing voluntary, low-cost payment systems such as Brazil’s Pix and India’s UPI to allow trade settlements in any chosen currency.
Within this story's sources, this angle appears mainly in Right-leaning coverage and receives less attention in Left-leaning coverage.

History

Historical Context

After the inaugural 2009 BRIC summit in Yekaterinburg highlighted the bloc’s rise, leaders formalized the New Development Bank at the sixth summit in Fortaleza, Brazil, on 15 July 2014, granting it $100 billion authorized capital and $50 billion subscribed capital equally shared by the five founders. The 2026 New Delhi BRICS summit draws on that framework as India and Brazil promote low-cost payment systems.

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India Hosts BRICS

India hosted the 18th BRICS Summit in New Delhi on September 12-13, 2026.
The summit was presented as an opportunity to strengthen Global South leadership and promote inclusive financial reforms.
New Delhi undertook beautification, road upgrades, floral displays, and cultural programs ahead of the summit.
The summit theme—Building Resilience, Innovation, Cooperation and Sustainability—targets supply-chain shocks, trade protectionism, and geopolitical tensions.

1 / 4