InternationalSaturday, 12 September 2026·The Hindu - National
BRICS finance ministers and central bank governors flag tariff concerns, local-currency payments
On 11 September 2026, BRICS finance ministers and central bank governors issued a joint statement opposing unilateral tariffs and backing practical cross-border payments in local currencies.
Key highlights
Direct fact
On September 11, 2026, the BRICS Finance Ministers and Central Bank Governors issued a joint statement after meetings in Jaipur on August 12, 2026, and Mumbai on September 9-10, 2026, voicing concern over unilateral tariffs and non-tariff measures.
Key specifics
- The first FMCBG meeting under India’s BRICS chairship was held in Jaipur on August 12, 2026.
- The second FMCBG meeting was held in Mumbai on September 9-10, 2026.
- The joint statement criticised “unilateral imposition” of tariffs and non-tariff measures.
- BRICS countries backed practical solutions for cross-border payments in local currencies.
- The statement also referred to WTO rules, the World Bank and the IMF in the context of multilateral reform.
Exam lens
Question type: International organisations and economic diplomacy; key facts are Jaipur on August 12, 2026, Mumbai on September 9-10, 2026, BRICS local-currency payments, and WTO-linked trade concerns.