BRICS moves forward with creation of financial guarantee mechanism to support sustainable development
Jul 06, 2025
Brussels [Belgium], July 6: The BRICS technical finance meeting - bringing together deputy ministers and central bank representatives - concluded with a strong indication of a new agreement among BRICS countries to create a multilateral financial guarantee mechanism. The initiative aims to support sustainable development projects, including energy transition, the expansion of renewable energy, and the strengthening of resilient infrastructure, BRICS Portal reported.
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