Translation. Region: Russian Federal
Source: Central Bank of Russia –
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The meeting of the BRICS finance ministers and central bank governors, as well as a meeting of their deputies, took place in Rio de Janeiro. The participants summed up the work of the BRICS financial track during the Brazilian presidency and discussed prospects for further cooperation.
The focus was on such areas of cooperation as the cross-border payment initiative, settlement and depository infrastructure, reinsurance company, Contingent Reserve Pool, transition financing and information security of the association countries. Within the framework of the BRICS Innovation Hub, the prospects for using artificial intelligence in the activities of central banks, as well as approaches to its regulation in the financial market of the association, were discussed.
Director of the Department of Cooperation with International Organizations of the Bank of Russia Gulnara Khaidarshina noted that common priorities and trust allow the association to develop expert interaction and remain an example of effective international cooperation.
In the second half of 2025, central banks will continue their expert interaction. In 2026, the BRICS presidency will pass to India.
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