New Delhi: Finance minister Nirmala Sitharaman has reaffirmed India’s dedication to advancing International South priorities, deepening strategic ties, and fostering higher cooperation inside the Brics grouping.
Sitharaman held bilateral discussions together with her Brazilian and Russian counterparts on the sidelines of the Brics finance ministers and central financial institution governors assembly in Rio de Janeiro, the ministry of finance mentioned in a publish on X on Sunday.
In her assembly with Fernando Haddad, minister of finance of Brazil, Sitharaman “endorsed Brazil’s management throughout its Brics chairship and reiterated India’s assist for the group’s growth and efforts towards a multipolar world order,” in response to the publish.
“The 2 leaders mentioned problems with mutual curiosity, together with, South-South cooperation, amplifying the voice of the International South, #COP30 and local weather finance points, and engagement in regional and world boards such because the United Nations, G20, BRICS, WTO (World Commerce Group) and IBSA (India, Brazil and South Africa Dialogue Discussion board),” it added.
India helps the agenda and priorities set by Brazil, and hopes to hold ahead the outcome-oriented cooperation when India takes over the chairship in January 2026, mentioned the Indian finance minister on X.
India and Brazil, as strategic companions, share heat and cordial ties spanning a number of sectors, and are cooperating carefully to additional strengthen the strategic partnership, Sitharaman mentioned.
Sitharaman additionally met Russian finance minister Anton Siluanov.
The 2 leaders mentioned India-Russia’s long-standing partnership and Sitharman additionally expressed gratitude for the assist prolonged by Russian President Vladimir Putin after the Pahalgam terror assault, the finance ministry mentioned.
“The Union Finance Minister noticed that India and Russia get pleasure from exemplary ranges of mutual belief and understanding and our Particular and Privileged Strategic Partnership stays resilient and steadfast,” it added.
In the meantime, Sitharaman additionally congratulated Russia for its profitable chairship of the Brics in 2024. India will proceed to leverage the Brics platform to construct South-South cooperation in areas of frequent curiosity, she mentioned.
“The 2 sides additionally mentioned problems with bilateral cooperation, together with cooperation within the monetary sector, together with issues associated to NDB,” the finance ministry mentioned.
The NDB, previously the BRICS Growth Financial institution, was established in 2014 by Brazil, Russia, India, China and South Africa to mobilize funding for infrastructure and sustainable improvement tasks.
Headquartered in Shanghai, it serves as a reputable various to Western-led establishments just like the World Financial institution and the Worldwide Financial Fund.
