BRICS Finance Ministers and Central Bank Governors Wrap Up Financial Track of Russia’s Chairship

BRICS Finance Ministers and Central Bank Governors – including representatives of BRICS new member countries – met in Moscow on 11 October for the last time as part of Russia’s chairship.

A high-level seminar on improving the international monetary and financial system was scheduled for the day before the meeting, on 10 October.

Russian Minister of Finance Anton Siluanov spoke about what Russia has accomplished in the financial track during its time as chair and presented a report, prepared in conjunction with the consulting company Yakov & Partners, on how to improve the international monetary and financial system.

The discussion touched on the following topics:

• Improving the international monetary and financial system
• The outlook for the global economy and BRICS
• Customs and tax co-operation
• The launch of the BRICS Financial Research Network
• Infrastructure financing instruments
• Improving the BRICS Contingent Reserve Arrangement and the release of next Economic Bulletin: ‘BRICS Economies in a Higher-Rate Environment’
• Cooperation on payments
• Financing the climate transition and sustainable development
• Information security in the financial sector
• Financial technologies

Russian Minister of Finance Anton Siluanov spoke to the press about the events on 11 October.

The Roscongress Foundation manages the events of Russia’s BRICS chairship.