BRICS Finance Chiefs Weigh Faster Cross-Border Payments, Local Currency Use Ahead of New Delhi Summit
BRICS finance ministers and central bank governors are discussing ways to make cross-border payments faster, cheaper and less dependent on hard currencies, with local-currency settlement emerging as a central theme. The talks, held ahead of the New Delhi summit, also reflect a broader push by the bloc to secure greater influence for developing economies at the IMF and World Bank.
