The 16th BRICS Summit in Kazan, Russia, is a pivotal event in reshaping global governance and promoting a multipolar world order. Under China's leadership, the summit has expanded to include non-member developing nations through the introduction of BRICS Plus, marking a significant shift towards inclusivity and engagement with the Global South.
Yaroslav Lissovolik, founder of BRICS-Plus Analytics in Moscow, highlighted China's role in transforming BRICS from an insular group to a broader coalition aimed at empowering smaller nations. 'China's vision promotes a balanced world system where all voices are heard,' Lissovolik noted.
A key driver of this transformation is the New Development Bank (NDB), which finances infrastructure projects across member nations. The NDB's efforts in enhancing trade, transport, and energy networks are building economic resilience in developing economies, fostering stronger global economic ties.
Looking ahead, the summit emphasizes areas such as artificial intelligence (AI), renewable energy, and the digital economy. Joint initiatives in AI policy and green technology are set to drive future growth and innovation, positioning BRICS Plus as a leader in technological advancements.
Security cooperation is also a priority, with the coalition addressing rising cybercrime and regional instability. 'Our efforts to ensure robust security frameworks will support sustainable economic growth worldwide,' Lissovolik emphasized.
Overall, the 16th BRICS Summit underscores the partnership's ability to introduce innovative frameworks for global cooperation, tackling complex challenges like climate action and digital transformation. BRICS Plus represents a new blueprint for global governance, reflecting the aspirations of a more diverse and interconnected world.
Reference(s):
cgtn.com
