AGP Executive Report
Last update: 3 hours agoBRICS Summit Opens in New Delhi: India kicked off the 18th BRICS Leaders’ Summit at Bharat Mandapam with a day-one push for “resilience, innovation, cooperation and sustainability,” while the New Delhi Declaration targets global governance reform and condemns terror attacks, amid Iran-UAE tensions and the wider Ukraine and West Asia wars. India-UAE Industrial Push: On the sidelines, PM Modi met Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan to deepen defence, AI, space, critical minerals, energy, food security and connectivity; the UAE’s International Holding Company backed a $11.5 billion integrated greenfield aluminium project in Odisha, aimed at making the state a manufacturing hub. Local-Currency and Payments Agenda: Iran’s President Pezeshkian urged BRICS to build a resilient trade network and expand national-currency use and digital payments to reduce vulnerability to political shocks. Bolivia Macro Shock: Bolivia agreed to end fuel subsidies by 2027 under an IMF $1.9 billion bailout, with the deal still awaiting Congress ratification—an issue that will ripple through energy costs and industrial inputs.
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