News with the tag "BRICS leaders summit"

The International Monetary Fund (IMF) has not seen any specific proposal on a common BRICS currency. However, the IMF acknowledges the presence of “slow-moving trends” indicating shifts in the currency composition of reserves and trade. The Fund’s statement followed reports that the BRICS economic b...

The BRICS leaders’ summit will take place in a couple of months, and French President Emmanuel Macron has reportedly expressed interest in attending. However, Russia believes it would be “inappropriate” for the French president to attend. “Clearly, leaders of states that pursue such a hostile and un...

South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the...