The BRICS grouping has formally established the BRICS Economic Partnership Strategy 2025, a comprehensive framework designed to enhance economic cooperation among its expanded membership. The strategy aligns directly with the UN Sustainable Development Goals (SDGs) and promotes greater economic resilience, technological innovation, and social inclusivity across the bloc. This strategic document prioritizes several key areas: strengthening intra-BRICS trade and investment, advancing financial cooperation (including the greater use of national currencies), and supporting the expansion of the New Development Bank (NDB).
A central pillar of the new strategy is accelerating the digital transformation of member economies. This involves promoting the adoption of digital technologies, bridging the digital divide across the Global South, and enhancing cooperation in digital governance and technology transfer. Furthermore, the strategy places a strong emphasis on sustainable development, committing the bloc to furthering the Paris Agreement, expanding the adoption of low-carbon technologies, and advancing new climate finance mechanisms to support its members’ green transitions.The adoption of this strategy follows the expansion of BRICS to include full members like Indonesia, Egypt, Ethiopia, Iran, and the UAE, and new partners like Malaysia, Nigeria, and Kazakhstan. The Strategy sets the cooperative agenda for the immediate future, with leaders reviewing its implementation and looking forward to formulating the next phase, the BRICS Economic Partnership Strategy 2030, which will deepen these commitments in a rapidly evolving multipolar world.
