Bank of Russia Governor Elvira Nabiullina and Minister of Finance of the Russian Federation Anton Siluanov presented the outcomes of Russia's BRICS presidency in terms of cooperation among central banks and finance ministers at a meeting held in Moscow.
During the meeting, participants agreed on a statement outlining key areas for cooperation. These include the BRICS Contingent Reserve Arrangement, development of macroeconomic information exchange, collaboration in the payment sector, creation of the BRICS Rapid Information Security Channel, interaction in settlement and depository sectors, transition finance and fintech joint studies, as well as training events and seminars with central banks from BRICS countries.
Central bank governors highlighted the successful integration of new BRICS member states into financial track activities this year. Representatives from BRICS countries emphasized their support for the Bank of Russia’s initiative to conduct annual joint cybersecurity drills for central banks.
Elvira Nabiullina expressed gratitude to the central banks of BRICS countries for their cooperation during Russia’s presidency and extended her support to Brazil's upcoming presidency in 2025.