Proposal to Establish BRICS Investment Platform

Brasilia: Russian President Vladimir Putin has proposed the establishment of a new BRICS investment platform to support joint development and attract capital. 'Multiplying mutual capital investment by the BRICS countries, including through BRICS mechanisms, primarily, the New Development Bank appears to be an important goal as well. To this end, Russia proposed creating a whole new BRICS investment platform,' stated President Putin. According to South African Government News Agency, the idea behind the proposed platform is to jointly develop coordinated instruments to support and attract funds from the economies of BRICS countries, as well as from the Global South and Global East. President Putin presented this proposal via video conference during the opening of the 17th BRICS Summit in Brazil. President Putin expressed gratitude to Brazilian President Lula da Silva and the Brazilian Chairmanship for their active efforts in advancing the strategic partnership within BRICS. He emphasized that BRICS nations c ontinue to deepen their cooperation across key sectors, including politics, security, and finance. BRICS now includes leading states in Eurasia, Africa, the Middle East, and Latin America. 'Together, we possess a vast political, economic, scientific, technological, and human potential,' President Putin remarked. He referenced International Monetary Fund data for 2025, stating that BRICS countries account for not only a third of the earth's landmass and almost half the planet's population but also for 40% of the global economy. Their combined GDP at purchasing power parity stands at $77 trillion. President Putin noted that BRICS has established itself as one of the key centers of global governance, with a collective voice that increasingly supports the global majority's vital interests on the international stage. The session included discussions on the prospects of further cooperation between the BRICS states in politics, trade, economy, culture, and humanitarian affairs, alongside the international agenda. I n his address during the opening session, President Cyril Ramaphosa called for enhanced global cooperation and urgent reform of international governance structures amid the 'dramatic reshaping of global dynamics -- politically, economically, technologically, and environmentally.' President Ramaphosa highlighted the critical need for multilateral collaboration to address escalating global tensions and institutional inefficiencies.