AGP Executive Report
Last update: 8 hours agoBRICS Summit in New Delhi: Leaders are converging for the 18th BRICS summit on Sept. 12-13, with India’s PM Modi hosting and holding key bilateral talks with Russia’s Putin and Iran’s Pezeshkian as the bloc tries to keep unity amid wars and West Asia tensions. Payments and local currencies: Iran urged BRICS to shift toward national currencies and stronger mechanisms to reduce currency-risk shocks, while India pushed payment-system links and digital trade at the BRICS Business Forum, including calls to connect UPI-style rails and simplify rules. Finance push: Putin pitched a New Development Bank-based investment platform to mobilize private funding for trade, logistics, infrastructure and technology across BRICS. Ethiopia in the mix: Ethiopia is among the expanded BRICS members and is also highlighted for AI progress, with IGAD officials saying Ethiopia’s AI experience could be shared regionally. Trade and logistics at home: Ethiopia inaugurated the expanded Mojo Dry Port, saying it will boost container capacity and cut logistics costs for a landlocked economy. Regional governance: AU and ATAF agreed to strengthen tax cooperation in Addis Ababa to curb illicit flows and improve domestic revenue mobilisation.
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