Reported about 1 month ago
Brazilian President Lula da Silva emphasized the urgent need for BRICS nations to develop alternative payment methods during a video conference at the BRICS summit. He argued that this move is necessary to reflect a multipolar order in the global financial system and aims to provide a counter to the failing Bretton Woods institutions. Lula also reiterated the bloc's significance in global economic growth and called for immediate peace talks regarding ongoing conflicts.
Source: YAHOO