Brazilian minister Wellington Dias tells SCMP a fund to cut borrowing costs for the poor may launch by December as US ...

De-dollarisation was among the key economic themes at the 18th Brics Summit in New Delhi, but the grouping stopped short of backing a common Brics currency. Instead, Brics grouping encouraged the New ...

BRICS finance chiefs and central bank governors on Friday reiterated calls for urgent reform of the International Monetary Fund and World Bank to give emerging and developing economies a greater say ...

The expansion of BRICS since 2023, somewhat haphazard and lacking clear criteria, has enhanced its political outreach and given it a greater global focus. The New Development Bank (NDB), created ...

BRICS leaders ended their 2026 summit without a proposal for a common currency, instead backing greater interoperability ...

When India hosts the 18th BRICS summit in New Delhi on September 12-13, 2026, under the banner of “Humanity First”, the occasion will be draped in a familiar promise: that the bloc is building an ...

The future of de-dollarisation may therefore be less about making the US dollar obsolete and more about building a system in ...

BRICS Pay is a decentralised digital system for making international payments in currencies other than the dollar.

BRICS is exploring new cross-border payment links across a bloc representing 41% of global GDP. Could this challenge XRP’s role in global payments?

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...

Some experts say BRICS need not replace the West to succeed – only make Western dominance harder to exercise.