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Economy News

The Economic Times

Economy / The Economic Times

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BRICS finance chiefs flag tariff risks, push cross-border payments

BRICS finance ministers voiced concerns over unilateral trade actions and tariffs. They endorsed efforts for cross-border payment interoperability and local currency settlements. The group also called for reforms of global financial institutions like the IMF. These reforms aim to give emerging markets greater voice and representation. The leaders met in Mumbai to discuss these pressing global economic issues.

11 Sep 2026 11:47 pm