The leaders are also likely to discuss how they can improve economic ties between their diverse economies. They are expected to engage in a series of discussions about trade and investment opportunities in sectors ranging from energy cooperation and infrastructure development to digital economy and the job market.
The group is also expected to discuss how to boost local currency fundraising and lending within the New Development Bank (NDB), or so-called BRICS bank. Local currency use will help de-risk the impact of foreign exchange fluctuations, South Africa's Finance Minister Enoch Godongwana said
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