New Delhi, July 11 -- Leaders of 10 emerging and developing economies met in Rio de Janeiro, Brazil on July 6-7, 2025 for the 17th annual meeting of the BRICS countries.

Opening the summit, Brazilian President Lula da Silva described a world facing a crisis of multilateralism, multiple conflicts and risks to the climate and global trade systems. Calling BRICS an 'heir of the Non-Aligned Movement,' Lula warned against attacks on the group's autonomy. He also pointed out that the world has enough resources to meet its development needs, but too much of it is still going into funding wars instead.

The two-day summit concluded with a joint declaration that spans a wide range of issues, from instability in the Middle East to climate change, ...