BRICS calls for fairer, balanced economic order

Bloc's push draws fresh interest and support from Latin America: Analysts

BRICS' push to recalibrate global economic order that is fairer and more balanced at the 17th BRICS Summit in Rio de Janeiro has drawn fresh interest and support from Latin America in general.

This year's summit, held from Sunday to Monday, was defined by its emphasis on institutional reform, financial sovereignty and South-South collaboration. It offered Latin America tangible opportunities that could reshape the region's economic future.

The summit concluded with the adoption of a sweeping Joint Declaration covering 126 commitments across global governance, finance, climate, health, and technology. It outlined new efforts to combat hunger, advance climate action and expand access to emerging technologies.