In a pivotal meeting in Russia, BRICS foreign ministers underscored the need for stronger G20 leadership to tackle global economic challenges. This session, the first since BRICS expanded to include Egypt, Iran, UAE, Saudi Arabia, and Ethiopia, emphasised the importance of recent G20 initiatives and upcoming presidencies, aiming for more inclusive global economic governance.
Here’s what you should know:
1. G20 Leadership: BRICS ministers highlighted the G20’s role in bridging developed and developing nations, pushing for its enhanced leadership to address global economic challenges.
2. African Union Inclusion: They applauded the African Union’s inclusion in the G20, initiated at the New Delhi Summit, aiming for a more balanced representation in global economic discussions.
3. Sequential Presidencies: The consecutive G20 presidencies of India, Brazil, and South Africa offer a unique opportunity to tackle global economic inequalities and promote sustainable development.
4. Energy and Health Governance: The ministers stressed the need for secure, affordable energy and improved global health governance to ensure stability and economic well-being.
5. Expanded BRICS: With the inclusion of Egypt, Iran, UAE, Saudi Arabia, and Ethiopia, BRICS aims to strengthen its influence on global economic policies.
