Round-up 6 July 2025

In this week’s round-up:

  • New Development Bank adds Colombia, Uzbekistan as official new members
  • Israel’s war on Gaza has exposed ‘deep divide’ within BRICS, experts say
  • Half-Term Leadership: Brazil’s Unfinished BRICS Agenda
  • BRICS Business Forum identifies pathways to foster economic growth and enhance productive integration across the Global South

New Development Bank must support SMEs and women-led enterprises 

Speaking at the 10th Annual Meeting of Board Governors of the New Development Bank, Finance Minister Nirmala Sitharaman suggested that the multilateral development bank should play a catalytic role in unlocking private sector capital.

New Development Bank adds Colombia, Uzbekistan as official new members

Colombia and Uzbekistan have joined the New Development Bank (NDB), expanding the membership of the multilateral lender commonly known as the BRICS Bank, the institution’s president, Dilma Rousseff, announced in Rio de Janeiro, Brazil on Saturday (Brazilian time), the Xinhua News Agency reported.

Greenpeace Africa calls for strong global leadership from BRICS  

As BRICS leaders gather in Brazil, African civil society voices—led by Greenpeace Africa—are urging the alliance to move beyond symbolism and deliver bold, people-centered action for climate justice, ecological protection, and equitable development.

Israel’s war on Gaza has exposed ‘deep divide’ within BRICS, experts say

As Brics gears up for its annual summit in Rio de Janeiro next week, the group’s reluctance to mobilise against Israel’s war on Gaza has left a gaping hole in its credibility as an institution purportedly meant to represent the Global South, experts and scholars have said.

Half-Term Leadership: Brazil’s Unfinished BRICS Agenda

Brazil hands over its presidency in July after taking the baton during the BRICS Summit in Kazan, Tatarstan. Comparatively, Kazan witnessed more engaging BRICS programmes and activities, both from the public and private sectors, than under Brazil’s half-year (six-month) leadership.

BRICS Business Forum identifies pathways to foster growth and productive integration 

Through dialogue and coordinated action between governments and the private sector, challenges can be transformed into shared solutions. This guiding vision underscores the BRICS Business Forum, convened on 5 July, in Rio de Janeiro. It marks the final event under the umbrella of complementary activities preceding the BRICS Leaders’ Summit and serves as the last event attended by Luiz Inácio Lula da Silva, President of the Republic of Brazil, ahead of the Leaders’ Summit commencing on 6 July.

 

 

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