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New Development Bank

China–UAE News
Source: Eurasia Review

BRICS Summit Emphasises Multipolarity, Local Currencies, and Payment Interoperability

The 18th BRICS Summit in New Delhi brought together 11 member nations, including China and the UAE, under the theme of resilience, innovation, cooperation, and sustainability. Eurasia Review reports that the bloc prioritised local-currency trade settlements and payment interoperability over creating a common currency. The New Development Bank, with 100 billion dollars in authorised capital, was highlighted as the central vehicle for infrastructure and local-currency financing.

China–UAE News
Source: Eurasia Review

Analysis Evaluates BRICS Expansion and Multipolar Governance Following New Delhi Summit

An analysis published by Eurasia Review examines the geopolitical and economic evolution of BRICS following the 18th summit held in New Delhi. The grouping now counts 11 members, including China and the UAE, representing major manufacturing, financial, and energy hubs. The author highlights the bloc's efforts in local-currency settlement and development finance while noting internal strategic nuances.

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