Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
Deputy central bank governors and finance ministers of the BRICS countries in Cape Town, South Africa, identified key areas of cooperation. The meeting was hosted by Brazil, which holds the presidency of the group this year.
The agenda also included priorities that were previously set during the Russian presidency. In particular, the meeting participants confirmed their readiness to discuss the most pressing issues on the payment agenda: the possibilities of using national currencies in settlements, prospects for ensuring the interoperability of the financial markets of the BRICS countries, as well as cooperation in the field of information security. The central banks of the association’s countries in 2025 will also focus on issues of transitional financing and the development of financial technologies.
The results of the meeting set the vector for further work of the relevant departments of the BRICS countries, and will also be taken into account during the upcoming summit of the association.
The meeting took place at the Group of Twenty (G20) with the participation of representatives from all countries of the association: Brazil, Russia, India, China, South Africa, Egypt, Iran, the UAE, Saudi Arabia, Ethiopia, as well as the new BRICS member, Indonesia.
Preview photo: hxdbzxy / Shutterstock / Fotodom
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