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Tag: local-currency financing

Homelocal-currency financing

BRICS Takes Aim at the Global Financial Order—A New Power Shift Begins

On September 12, 2026, at the Bharat Mandapam in New Delhi, the leaders of the eleven-member BRICS grouping adopted, by consensus, a 140-paragraph document titled "Building for Resilience, Innovation, Cooperation and Sustainability," known as the New Delhi Declaration. Published at the end of the 18th BRICS Summit, hosted by India, it is the grouping's most …