On July 5, 2025, Rio de Janeiro will host a pivotal meeting of BRICS Finance Ministers and Central Bank Governors, just one day ahead of the group’s Leaders’ Summit.
This year’s gathering carries added significance as Brazil leads the expanded 11-member alliance, which now includes Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, Ethiopia, Iran, Indonesia, and the UAE.
Key discussions will center on deepening financial cooperation, with a strong focus on boosting trade in local currencies to reduce dependence on the U.S. dollar—an initiative that could reshape global financial dynamics.
Brazil has also placed climate financing, healthcare collaboration, AI governance, and institutional development high on the agenda, reinforcing BRICS’ role as a platform for emerging economies.
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