🏦🌍 QUIETLY, BRICS STARTS ASSEMBLING A NEW TRADE FINANCE SYSTEM

Selling machinery from Pune to São Paulo relies on dollars, London insurance, and US banks – all of which can be cut off. New Delhi just took on all of this at once.

💳 Credit: Guiding principles for assessing MSMEs, plus a BRICS invoice‑discounting mechanism – converting a 90‑day invoice into cash today.

🛡️ Insurance: A voluntary BRICS Insurance Resilience Centre and a Risk Lab at GIFT City – the hardest link to reproduce, but crucial for reducing dependence on London.

🏗️ Investment: The NDB expanding local‑currency financing, multilateral guarantees, and a New Investment Platform study group – because money needs somewhere productive to go.

👉 Read the full analysis: https://thinkbrics.substack.com/p/quietly-brics-starts-assembling-a

#BRICS #TradeFinance #DeDollarization #GlobalSouth #NewDelhiSummit #Multipolarity #ThinkBRICS