Latest news with #ReformofGlobalGovernance
IOL News
07-07-2025
- Business
- IOL News
BRICS leaders adopt declaration at 17th summit
A plenary session of the BRICS summit on the theme of 'Peace and Security and Reform of Global Governance' was held in Rio de Janeiro, Brazil. A plenary session of the BRICS summit on the theme of "Peace and Security and Reform of Global Governance" was held in Rio de Janeiro, Brazil. At the end of the meeting, the participants adopted the final declaration. The meeting was opened by Brazilian President Luiz Inacio Lula da Silva. In his speech, he recalled that this was the fourth time the country had hosted the summit. "If global governance does not correspond to the new multipolar reality of the 21st century, then the task of BRICS is to promote its renewal. The representativeness and diversity of the association make it a force that promotes peace [...]. We can lay the foundation for a renewed system of global governance," said Luiz Inacio Lula da Silva, President of Brazil Russian President Vladimir Putin addressed the summit via videoconference. He emphasised that BRICS' authority and influence in the world is growing year by year. "Our group has expanded significantly and includes leading countries in Eurasia, Africa, the Middle East, and Latin America. Together, we have truly enormous political, economic, scientific, technological, and human potential" The Russian leader stated the need to expand the use of national currencies in mutual settlements. According to him, the creation of an independent settlement and depository system within BRICS will make currency transactions faster, more efficient and safer. This is also reflected in the final declaration. "We welcome the BRICS Interbank Cooperation Mechanism (ICM) focus on facilitating and expanding innovative financial practices and approaches for projects and programmes, including finding acceptable mechanisms of financing in local currencies," the document says. Putin also noted the importance of Brazil continuing to work on the implementation of Russian initiatives proposed in 2024, including the BRICS Grain Exchange, a climate research centre, a permanent logistics platform and sports cooperation programmes. He expressed confidence that the final declaration of the BRICS summit would create a good basis for further joint activities in the spirit of equal cooperation. In the document, the leaders called for reform of the UN Security Council. Indian Prime Minister Narendra Modi also stated the need for this in his speech at the plenary session. "The expansion of BRICS and the accession of new partners to the group is proof that this is an association capable of changing over time. Now we need to show the same determination in reforming other institutions, including the UN Security Council, the WTO and multilateral development banks," said Narendra Modi, Indian Prime Minister. South African President Cyril Ramaphosa expressed a similar point of view. In addition, he noted that the expansion of BRICS opens up new opportunities for strengthening mutual trade, technological exchange and cooperation in the field of green economy. Ramaphosa paid special attention to the fight against terrorism, emphasising that South Africa is committed to the full implementation of the BRICS strategy to counter terrorism. In the declaration, the leaders also condemned the terrorist attack in India on 22 April 2025, which killed 26 people, and called for the speedy finalisation and adoption by the UN of a comprehensive convention on combating international terrorism. Egyptian Prime Minister Mostafa Madbouly announced the priority areas for cooperation among the ten countries: economic integration, energy, infrastructure and financial cooperation, including settlements in national currencies, strengthening the role of the New Development Bank of BRICS, and new technologies. The latter point, namely the development of artificial intelligence (AI), received special attention in the final declaration."To support a constructive debate towards a more balanced approach, we agreed on the BRICS Leaders' Statement on the Global Governance of Artificial Intelligence, which aims to foster responsible development, deployment, and use of AI technologies for sustainable development and inclusive growth," the document emphasises. In addition, the member countries recognised the importance of continuing work on the BRICS Grain Exchange initiative, agreed to establish the BRICS Space Council and expressed their support for India's Presidency of the group in 2026 and the hosting of the 18th BRICS summit. This article was originally published in TV BRICS.
See - Sada Elbalad
07-07-2025
- Business
- See - Sada Elbalad
BRICS Leaders Adopt Declaration at 17th Summit
Nada Mustafa A plenary session of the BRICS summit on the theme of "Peace and Security and Reform of Global Governance" was held in Rio de Janeiro, Brazil. At the end of the meeting, the participants adopted the final declaration, according to TV BRICS. The meeting was opened by Brazilian President Luiz Inacio Lula da Silva. In his speech, he recalled that this was the fourth time the country had hosted the summit. Russian President Vladimir Putin addressed the summit via videoconference. He emphasised that BRICS' authority and influence in the world is growing year by year. The Russian leader stated the need to expand the use of national currencies in mutual settlements. According to him, the creation of an independent settlement and depository system within BRICS will make currency transactions faster, more efficient and safer. This is also reflected in the final declaration. "We welcome the BRICS Interbank Cooperation Mechanism (ICM) focus on facilitating and expanding innovative financial practices and approaches for projects and programmes, including finding acceptable mechanisms of financing in local currencies," the document says. Putin also noted the importance of Brazil continuing to work on the implementation of Russian initiatives proposed in 2024, including the BRICS Grain Exchange, a climate research centre, a permanent logistics platform and sports cooperation programmes. He expressed confidence that the final declaration of the BRICS summit would create a good basis for further joint activities in the spirit of equal cooperation. In the document, the leaders called for reform of the UN Security Council. Indian Prime Minister Narendra Modi also stated the need for this in his speech at the plenary session. South African President Cyril Ramaphosa expressed a similar point of view. In addition, he noted that the expansion of BRICS opens up new opportunities for strengthening mutual trade, technological exchange and cooperation in the field of green economy. Ramaphosa paid special attention to the fight against terrorism, emphasising that South Africa is committed to the full implementation of the BRICS strategy to counter terrorism. In the declaration, the leaders also condemned the terrorist attack in India on 22 April 2025, which killed 26 people, and called for the speedy finalisation and adoption by the UN of a comprehensive convention on combating international terrorism. Egyptian Prime Minister Mostafa Madbouly announced the priority areas for cooperation among the ten countries: economic integration, energy, infrastructure and financial cooperation, including settlements in national currencies, strengthening the role of the New Development Bank of BRICS, and new technologies. The latter point, namely the development of artificial intelligence (AI), received special attention in the final declaration. "To support a constructive debate towards a more balanced approach, we agreed on the BRICS Leaders' Statement on the Global Governance of Artificial Intelligence, which aims to foster responsible development, deployment, and use of AI technologies for sustainable development and inclusive growth," the document emphasises. In addition, the member countries recognised the importance of continuing work on the BRICS Grain Exchange initiative, agreed to establish the BRICS Space Council and expressed their support for India's Presidency of the group in 2026 and the hosting of the 18th BRICS summit. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Indian Express
06-07-2025
- Politics
- Indian Express
BRICS leaders condemn J&K attack: On terror, zero tolerance
In a declaration adopted at the ongoing summit in Rio de Janeiro late on Sunday night, the BRICS leaders condemned the Pahalgam terror attack 'in the strongest terms', and called for 'combating terrorism in all its forms and manifestations, including the cross-border movement of terrorists, terrorism financing and safe havens'. While the declaration did not take any names, the cross-border terror reference is seen to be aimed at Pakistan. Addressing the BRICS session on peace and security, Prime Minister Narendra Modi said Pahalgam was a 'direct attack on the soul, identity and dignity of India'. He said 'giving silent consent to terrorism, supporting terror or terrorists' for 'personal or political gain' should not be acceptable under any circumstances, and 'there should be no hesitation in imposing sanctions against terrorists'. 'We condemn in the strongest terms the terrorist attack in Jammu and Kashmir on April 22, 2025, during which 26 people were killed,' the BRICS declaration said, referring to the Pahalgam attack. 'We urge to ensure zero tolerance for terrorism and reject double standards in countering terrorism,' it said, amplifying the Indian government's message as conveyed by the multi-party political delegations sent to world capitals earlier. 'We call for an expeditious finalisation and adoption of the Comprehensive Convention on International Terrorism in the UN framework. We call for concerted actions against all UN designated terrorists and terrorist entities,' the resolution said. In the past, China has blocked attempts to sanction Pakistan-based terrorists and terrorist groups at the UN. In his speech, Modi said: 'Terrorism has become the most serious challenge for humanity today. Recently, India faced an inhuman and cowardly terrorist attack. On April 22, the terrorist attack in Pahalgam was a direct attack on the soul, identity and dignity of India. This attack was a blow not only on India but on the entire humanity. In this hour of grief, I express my heartfelt gratitude to the friendly countries who stood with us, who expressed support and condolences.' 'Condemning terrorism should be our 'principle', not just a 'convenience'. If we first see in which country the attack took place, against whom, then it would be a betrayal against humanity. There should be no hesitation in imposing sanctions against terrorists. Victims and supporters of terrorism cannot be weighed on the same scale. For personal or political gain, giving silent consent to terrorism, supporting terror or terrorists, should not be acceptable under any circumstances. There should be no difference between words and actions regarding terrorism. If we cannot do this, then the question naturally arises whether we are serious about the fight against terrorism or not,' he said. Addressing the session on 'Reform of Global Governance', Modi said: 'Two-thirds of humanity still lack proper representation in global institutions built in the 20th century. Many countries that play a key role in today's global economy are yet to be given a seat at the decision-making table. This is not just about representation, it's also about credibility and effectiveness. Without the Global South, these institutions are like a mobile phone with a SIM card but no network. They're unable to function properly or meet the challenges of the 21st century.' 'The expansion of BRICS and the inclusion of new partners reflect its ability to evolve with the times. Now, we must demonstrate the same determination to reform institutions like the UN Security Council, the WTO, and Multilateral Development Banks. In the age of AI, where technology evolves every week, it's unacceptable for global institutions to go eighty years without reform. You can't run 21st-century software on 20th-century typewriters,' he said. The BRICS declaration also called for a 'comprehensive reform of the United Nations Security Council, with a view to making it more democratic, representative, effective and efficient, and to increase the representation of developing countries in the Council's memberships so that it can adequately respond to prevailing global challenges and support the legitimate aspirations of emerging and developing countries from Africa, Asia and Latin America, including BRICS countries.' 'We stress that the United Nations Security Council reform will lead to the amplified voice of the Global South. We reiterate support to the aspirations of Brazil and India to play a greater role in the United Nations, including its Security Council,' the declaration said. The BRICS grouping includes India, Brazil, Russia, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia and Iran. The two-day summit began on Sunday.
Hindustan Times
06-07-2025
- Politics
- Hindustan Times
'Pahalgam terror attack blow not only to India, but the entire humanity': PM Modi at BRICS Summit
Prime Minister Narendra Modi on Sunday said the Pahalgam terror attack was a blow not just to India, but to all of humanity. Prime Minister Narendra Modi addresses the session on 'Peace and Security and Reform of Global Governance' at the 17th BRICS Summit, in Rio de Janeiro, Brazil.(DPR PMO ) 'Terrorism is among the most serious challenges facing humanity. Recently, India faced an inhuman and cowardly terrorist attack in Pahalgam. This was an attack on all of humanity,' the prime minister said during the summit in Brazil. PM Modi is in Rio de Janeiro, Brazil, where he is participating at the BRICS Summit along with global leaders. ALSO READ: 'Global South victim of double standards': PM Narendra Modi at BRICS Summit BRICS nations must adopt a clear and unified stance on overcoming terrorism, the prime minister said. "On a subject like terrorism, there is no room for double standards! If any country provides direct or indirect support to terrorism, it must pay the price for it," he added. The BRICS declaration condemned the Pahalgam terrorist attack in Jammu and Kashmir in the strongest terms and reaffirmed the bloc's commitment to combating terrorism in all its forms, including the cross-border movement of terrorists. While addressing the session on 'Peace and Security and Reform of Global Governance' during the summit, PM Modi reiterated India's commitment to the values of peace and brotherhood. In a post on X, the prime minister said, 'At the Session on 'Peace and Security and Reform of Global Governance' during the BRICS Summit, reiterated India's commitment to the values of peace and brotherhood. Afterall, world peace and security are the foundations of our shared interests and future.' Also Read: PM Modi in Brazil for BRICS Summit, Trump tariffs likely in group's focus | What's on agenda PM Modi also thanked the countries for strongly condemning the Pahalgam terror attack and expressing solidarity with India, the Ministry of External Affairs said in a post on X. The prime minister urged zero tolerance for terrorism and reaffirmed that India stands for dialogue and diplomacy to resolve global conflicts. Earlier in the day, Modi, while addressing the 17th BRICS Summit, called for an urgent need for comprehensive reforms in global institutions to address the marginalisation of the Global South. PM Modi said that the Global South has been handed nothing more than token gestures on climate finance, sustainable development and technology access. The prime minister, along with other world leaders, also participated in the traditional family photo session at the summit held at the Museum of Modern Art in Brazil's Rio de Janeiro. The photo marked a significant moment of unity and collaboration among the countries that the grouping represents. The summit, hosted by Brazil from July 7 to July 9, saw leaders from Brazil, Russia, India, China, South Africa, and new members Egypt, Ethiopia, Iran, the UAE, and Indonesia coming together during the event.
United News of India
06-07-2025
- Politics
- United News of India
You can't run 21st century software on 20th century typewriters: PM Modi makes strong pitch for reform of global institutions
Rio de Janeiro/New Delhi, July 6 (UNI) Championing the cause of the Global South, Prime Minister Narendra Modi told the 17th BRICS Summit that the Global South has not been given its due importance, and that many countries that play a key role in the global economy have yet to be given a seat at the decision-making table. In his statement at the BRICS session titled 'Reform of Global Governance', the PM said that without the Global South, global institutions 'are like a mobile phone with a SIM card but no network'. He praised Brazil's dynamic chairmanship of the BRICS, saying that the bloc has "gained fresh momentum and vitality'. 'And let me say—the energy we've received isn't just an espresso; it's a double espresso shot,' the PM said. PM Modi said the Global South has often faced double standards, and its interests have not been given due importance with regard to development, distribution of resources, or security related matters. 'The Global South often received nothing more than token gestures on topics like climate finance, sustainable development, and technology access,' he said. Calling for representation for the Global South in global institutions, the PM said that two-thirds of humanity lacks proper representation in these institutions built in the 20th century. 'Many countries that play a key role in today's global economy are yet to be given a seat at the decision-making table. 'This is not just about representation, it's also about credibility and effectiveness. Without the Global South, these institutions are like a mobile phone with a SIM card but no network. They're unable to function properly or meet the challenges of the 21st century. Whether it's ongoing conflicts across the world, the pandemic, economic crises, or emerging challenges in cyber or space, these institutions have failed to offer solutions,' he said, in oblique criticism of the UN and its organs. Calling for a new multipolar and inclusive world order, the PM said this will have to start with comprehensive reforms in global institutions. 'These reforms should not be merely symbolic, but their real impact should also be visible. There must be changes in governance structures, voting rights, and leadership positions. The challenges faced by countries in the Global South must be given priority in policymaking,' he added. PM Modi said the expansion of BRICS and the inclusion of new partners reflects its ability to evolve with the times. 'Now, we must demonstrate the same determination to reform institutions like the UN Security Council, the WTO, and Multilateral Development Banks. In the age of AI, where technology evolves every week, it's unacceptable for global institutions to go eighty years without reform. 'You can't run 21st-century software on 20th-century typewriters!', he quipped. 'India has always considered it a duty to rise above self interest and work towards the interest of humanity. We're fully committed to work along with the BRICS countries on all matters, and provide our constructive contributions.' In a post on X, the PM said: 'At the BRICS Summit in Rio de Janeiro, Brazil, addressed the session on 'Peace and Security and Reform of Global Governance.' Expressed my views on why the voice of the Global South is more important than ever before and why it's essential that global institutions provide adequate representation to the Global South for their own credibility and effectiveness.' The MEA spokesperson said in a post: 'PM @narendramodi addressed the session on 'Peace and Security and Reform of Global Governance' at the 17th BRICS Summit in Rio de Janeiro. 'PM underscored the urgent need to reform outdated global institutions to reflect the realities of the 20th century. He called for strengthening multipolarity for an inclusive world that amplifies the voice of the Global South.' Earlier, the PM posed with other BRICS members for a family photo. 'With fellow BRICS leaders at the Summit in Rio de Janeiro, Brazil, reaffirming our commitment to closer cooperation and shared growth. 'BRICS holds immense potential to shape a more inclusive and equitable global future.' UNI RN
