The financial assets of BRICS countries have exceeded $60 trillion, accounting for more than half of the total global assets.
BRICS is increasing investment in infrastructure and applying digital assets to attract capital, creating a solid financial foundation for sustainable development and cross-border payment connectivity.
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The financial assets of BRICS exceed $60 trillion, accounting for more than 50% of global assets.
The New Development Bank (NDB) supports public-private investment for the Global South region.
BRICS promotes financial infrastructure, cross-border payments, and AI applications in the financial sector.
How much of the world do BRICS financial assets represent?
According to Russian Finance Minister Anton Siluanov, the financial assets of BRICS countries currently exceed $60 trillion, equivalent to more than half of global assets, reflecting the increasing importance of this group in the world economy.
Mr. Siluanov emphasized: the population of Global South countries accounts for nearly 70% of the world's population, contributing about 60% of global GDP. BRICS, consisting of Brazil, Russia, India, China, and South Africa, has become an important bridge for cooperation between emerging markets and developing economies.
The total value of financial assets has surpassed $60 trillion, accounting for over 50% of global assets.
Anton Siluanov, Minister of Finance of Russia, 2024, TASS News Agency
What is the role of the New Development Bank (NDB) of BRICS?
The New Development Bank (NDB), headquartered in Shanghai, was established to finance public and private projects within the BRICS group and Global South countries, serving as a key financial instrument supporting sustainable investment.
Mr. Siluanov affirmed that NDB serves not only BRICS countries but also supports many other developing countries with loans, guarantees, and a variety of financial instruments, contributing significantly to the stability and development of capital for long-term infrastructure and projects.
We are witnessing the decade of NDB's activity as a central player in investment and development projects not only within BRICS but also across the Global South region.
Anton Siluanov, Minister of Finance of Russia, 2024, TASS News Agency
What plans does BRICS have for cross-border payments and new technologies?
BRICS is implementing solutions to enhance financial infrastructure to support smooth cross-border cash flows and develop a robust financial market for developing countries.
In the NDB Board of Governors meeting, Minister Siluanov revealed: the parties are discussing promoting international payment methods, enhancing interaction between depository institutions, building reinsurance capacity, and establishing credit rating systems.
He also emphasized the importance of quick access to new technologies, especially artificial intelligence (AI), to reduce inequality and promote more effective cooperation in the region.
We need to actively cooperate in the field of AI and the NDB should take the lead in mobilizing resources from member countries.
Anton Siluanov, Minister of Finance of Russia, 2024, TASS News Agency
Is BRICS directly confronting the United States in trade policy?
According to Bloomberg (2025), the BRICS summit in Brazil will adopt a joint declaration opposing unilateral trade protection measures and uncontrolled tariffs, although it does not specifically name the United States.
Analysis shows that BRICS is trying to fill the gap left by U.S. administration policies, moving towards an independent development strategy and enhancing its role in the global economy.
Real-world examples of the impact of BRICS
Global BRICS Indicators BRICS Rate (% of Global) Financial Assets $60 trillion ~$120 trillion 50% Population ~5.3 billion (Global South) ~7.7 billion 69% Global GDP ~60% 100% 60%
Frequently Asked Questions
How much of the global market do BRICS financial assets represent? BRICS owns over $60 trillion in financial assets, equivalent to more than 50% of total global assets (according to the Minister of Finance of Russia, 2024). What role does the BRICS New Development Bank (NDB) play? NDB supports public and private investment projects in BRICS and Global South, helping to enhance economic development and financial infrastructure. What plans does BRICS have regarding financial technology? BRICS focuses on developing cross-border payments, credit rating systems, and applying artificial intelligence to optimize capital flows. Is BRICS directly confronting the United States on trade policy? BRICS opposes the unilateral trade protection measures of the United States but avoids direct confrontation, aiming for independent development. How does BRICS promote AI cooperation in finance? NDB is tasked with leading AI development cooperation to reduce the digital divide and promote sustainable development.
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