June 6, 2022
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BRICS financial cooperation advances infrastructure investment, multilateral banking mechanisms, and policy dialogue to support inclusive growth.
BRICS finance ministers and central bank governors advanced BRICS Financial Cooperation, addressing infrastructure investment, the New Development Bank, the Contingent Reserve Arrangement, and establishment of a BRICS Think Tank Network for Finance. India emphasised growth driven by fiscal spending and an investment push, pairing macro-level expansion with micro-level inclusive welfare measures to support a sustainable, inclusive economic trajectory.