BRICS Summit in New Delhi Calls for Major Reforms to WTO and IMF
- Reports
- 34
- Developments
- 9
- Repetition
- 79%
New informationRepeats or wire copies
What happened
During the 18th BRICS Summit in New Delhi, members called for significant reforms within the World Trade Organisation and the International Monetary Fund. Discussions also centered on de-dollarization, strengthening cross-border payment mechanisms, and the proposal by China to establish a BRICS open-source artificial intelligence community. The grouping also opposed the use of CBAM as a protectionist hurdle.
Why it matters
The summit highlighted the bloc's push to reshape global economic governance, demanding greater representation and systemic changes in institutions like the International Monetary Fund and the World Bank. These efforts challenge the existing international financial architecture and influence global trade policy.
BRICS leaders met in New Delhi, discussing the need for major reforms within international organizations like the UN and the IMF.
Who's involved
- BRICSThe intergovernmental association hosting the summit and demanding global institutional reforms.
- New DelhiThe location of the summit, serving as the operational hub for the BRICS grouping.
- International Monetary FundThe international financial institution that BRICS is actively challenging to demand systemic reforms.
- ChinaA formal and full member of the BRICS intergovernmental bloc, discussing WTO reforms.
- World BankAn international financial institution that BRICS is demanding structural reforms for.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BRICSSpeculative
The bloc might influence global trade by criticizing major economic policies and opposing protectionist measures like CBAM.
How it developed
Newest first. Tap a step to see who reported it.- India showcased digital infrastructure at the BRICS summit.Sub-event
BRICS discussions focus on expansion and policy, including a proposal for an AI community.1 source
Xi Jinping discusses China's role in WTO reforms at the 18th BRICS Summit.1 source
Khurshid called for transparency during the BRICS summit.1 source
BRICS leaders meet in New Delhi to discuss global institutional reforms.1 source
- BRICS leaders met in New Delhi and held their summit, during which they rejected CBAM as a protectionist hurdle.Sub-event
BRICS expanded its reform demands to include the World Bank alongside the WTO and IMF.1 source
BRICS leaders meet in New Delhi to push for major reforms in the WTO and IMF.1 source
Show 1 earlier step
BRICS criticized US policy and opposed CBAM protectionism while addressing West Asia concerns during the summit.1 source
Keep exploring
Part of
BRICS leaders met in New Delhi, discussing the need for major reforms within international organizations like the UN and the IMF, with input from figures like Vladimir Putin.Also in this story
- High-level diplomatic meetings occurred in New Delhi involving Vietnam, UN officials, and leaders like Putin and Subianto during the BRICS Summit.
- Russia faces sanctions while Putin proposes new mechanisms within BRICS to seek independence from Western pressure.
- Sridhar Vembu, founder of Zoho, called on India to withdraw from the United Nations during the BRICS Summit in New Delhi.
- BRICS, the UN, and Xi Jinping called for global governance based on international law and WTO reform.
The entities involved
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
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New Delhi
capital city of India
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International Monetary Fund
international financial institution
Related events
- BRICS held a summit in New Delhi on Sept 1, 2026, confirming the expansion of the bloc to include Ethiopia, Egypt, and China.
- The new event lists historical facts about BRICS, including China's membership and the planned 2026 summit in Delhi.
- The BRICS summit is underway in New Delhi, with the UN calling for reforms in multilateral institutions.
- BRICS slammed Western trade barriers during the session chaired by India.
- The BRICS Summit 2026 is currently taking place in Delhi.
Coverage
Newest first; wire copies grouped- indiatimes.com
- thesun.ng
- chinanationalnews.com
- nripress.com
- middleeaststar.com
- thehindu.com
- premiumtimesng.com
- prokerala.com
- dailypioneer.com
- business-standard.com
24 more outlets ran the same wire story
- ohiostandard.com
- austinglobe.com
- hongkongherald.com
- brazilsun.com
- japanherald.com
- orlandoecho.com
- newyorktelegraph.com
- sandiegosun.com
- shanghaisun.com
- thisdaylive.com
- irishsun.com
- indiagazette.com
- kenyastar.com
- greekherald.com
- caribbeanherald.com
- zimbabwestar.com
- sierraleonetimes.com
- coloradostar.com
- tucsonpost.com
- mainemirror.com
- ianslive.in
- vanguardngr.com
- thesun.ng
- naija247news.com