Brics climate demand: Bloc seeks concessional climate finance from West, backs IMF reforms and NDB’s growing role
Sunday, 6 July 2025 () BRICS nations have urged developed economies and financial institutions to provide substantial climate finance to developing countries, emphasizing the need for predictable and affordable funding to achieve Paris Agreement goals. They also highlighted the importance of the IMF in supporting vulnerable economies and praised the New Development Bank's growing role in the Global South.
Brics 2025: The 17th annual BRICS summit has officially opened in Rio de Janeiro, Brazil, bringing together over 4,000 delegates from 37 nations and global organizations. Held under Brazil’s presidency, this year’s two-day gathering is poised to shape global power dynamics, tackling six priority...