NEW DELHI — India is preparing to host the BRICS leaders’ summit on 12–13 September, with regional conflict, energy security and financial cooperation expected to dominate discussions.

The expanded organization includes states with competing strategic interests. Tensions involving Iran and the United Arab Emirates have made agreement on the Middle East particularly difficult.

Leaders and representatives from China, Russia, Iran, South Africa, Egypt, Indonesia and other members are expected to attend. The summit will also provide opportunities for major bilateral meetings.

India is promoting links between members’ central-bank digital currencies to make cross-border payments faster and cheaper. Technical differences, trade imbalances and security concerns remain substantial barriers.

New Delhi says payment cooperation is not intended to replace the United States dollar immediately or create a single BRICS currency. Earlier proposals for shared financial infrastructure have moved slowly.

The final declaration will test whether the enlarged bloc can translate its claim to represent the Global South into practical cooperation while its members disagree on major security questions.

Sources

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