Xinhua Commentary: Closer BRICS cooperation promises more inclusive development

INA-source
As BRICS leaders convene in Russia's city of Kazan, the world is grappling with overlapping global challenges like geopolitical tensions, climate change, food security, and financial instability.
 
The newly expanded group is expected to strengthen cooperation among nations of the Global South and advance efforts to face those challenges and improve global governance toward greater equity and inclusiveness.
 
BRICS is not merely a political or economic cooperation mechanism but a platform for diverse nations to work together on common goals of development and prosperity. Its expansion reflects the consensus within the Global South that a wider array of voices must be included in addressing the complex issues facing the world today.
 
This inclusive approach offers a valuable complement to existing global institutions. While organizations such as the United Nations and the World Bank remain crucial, BRICS brings new energy and perspectives by prioritizing the needs and aspirations of the Global South.
 
A key contribution of BRICS lies in its efforts to advance inclusive economic globalization. For decades, the benefits of global economic growth have disproportionately flowed to the West, leaving much of the developing world on the margins. Closer and enlarged BRICS cooperation promises to rebalance this dynamic by promoting investment, infrastructure development, and trade that align with the specific priorities of the Global South.
 
Source- Xinhua