BRICS News Digest for the previous week
Colombia begins process of joining BRICS New Development Bank
The country will make its first contribution to the financial institution within six months
Colombian President Gustavo Petro met with the President of the BRICS New Development Bank (NDB), Dilma Rousseff, in Shanghai.
NDB President Dilma Rousseff emphasises bank's contribution to development in Global South
She also drew attention to the growing share of NDB operations in national currencies
The BRICS New Development Bank (NDB) is the first global multilateral financial institution created exclusively by developing countries and aimed at financing projects that contribute to the development of countries in the Global South.
Chinese and Brazilian Presidents sign 20 cooperation agreements
They also issued two joint statements
Chinese President Xi Jinping held talks with Brazilian President Luiz Inacio Lula da Silva, who arrived in China on a state visit.
India may launch its first manned deep ocean mission in 2026
The vehicle will dive to a depth of 6,000 metres
India plans to launch its first manned deep ocean exploration mission, Samudrayaan, by the end of 2026, marking a major milestone in the country's ocean exploration capabilities, stated Balaji Ramakrishnan, Director of the National Institute of Ocean Technology (NIOT).
Brazil and Russia plan to develop small nuclear reactors
The Russian Federation possesses advanced technologies in this field
Brazil and Russia will explore options for cooperation in uranium mining and the joint development of small modular reactors.
Iran starts accepting payments with Russian Mir cards
Moscow and Tehran plan to complete the integration of payment systems by the end of 2025
Russian tourists can now pay in Iran with Mir cards with contactless payment technology and smartphones.
South Africa hosts second G20 Tourism Working Group meeting
The focus is on investment, innovation, and Africa's integration into the global tourism economy
South African Tourism Minister Patricia de Lille opened the second meeting of the G20 Tourism Working Group in Durban.
Egypt announces new oil and gas finds
The country's Ministry of Petroleum and Mineral Resources intends to maximise production rates
Three new oil and gas fields have been discovered in Egypt during geological exploration.
UAE ranks 15th globally in 2025 UN Human Development Index
The health sector is a cornerstone of the UAE's future-orientated vision
The United Arab Emirates has secured 15th place globally in the 2025 Human Development Index (HDI), marking a leap of eleven positions from its previous ranking in the 2021–2022 report by the United Nations Development Programme (UNDP).
Indonesia to grow sugar palms for bioethanol production
This will help reduce dependence on imported fuel
Indonesia is planning to expand sugar palm plantations to increase the production of bioethanol, which is essential for achieving energy stability.