Deputy Central Bank Governors and Deputy Finance Ministers from the BRICS countries convened in Cape Town, South Africa, to outline key areas of cooperation. The meeting was organized by Brazil, which holds the BRICS presidency this year.
The agenda included priorities set during Russia’s previous presidency. Participants confirmed their readiness to discuss pressing issues on the payments agenda, including the potential use of national currencies in settlements and ensuring interoperability of BRICS financial markets. They also addressed cooperation in information security. In 2025, central banks will focus on transition finance and financial technology development.
The results of this meeting will guide future work for relevant agencies within member states and inform discussions at the upcoming BRICS summit.
The meeting was hosted by G20 and attended by representatives from all BRICS countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, UAE, and Indonesia—a new member state.
Preview photo: hxdbzxy / Shutterstock / Fotodom
