BRICS Summit Calls for Global Institutional Reforms

The 2024 BRICS Summit in Kazan, Russia, emphasized the group's commitment to strategic cooperation, resulting in the Kazan Declaration which calls for reforming global institutions to better represent developing nations. Indian Prime Minister Narendra Modi stated that BRICS should not be viewed as anti-Western, while Chinese President Xi Jinping underscored goals for peace and innovation, making BRICS a primary channel for Global South cooperation. Russian President Vladimir Putin criticized the US dollar's geopolitical use, advocating for a BRICS-led payment system. The summit addressed the peaceful resolution of the Ukraine conflict and included participation from new members like the UAE. UN Secretary-General Antonio Guterres attended, highlighting the event's global significance and engaged in bilateral talks on global conflicts. BRICS showcased its role in global governance reform and support for emerging economies against Western financial conditions.