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BRICS+ now holds 41% of global GDP by PPP and 43% of global crude oil supply. We explain the 2026 member and partner rosters, local currency clearing systems, Project mBridge, and the institutional limits facing the Global South bloc.
As New Delhi hosts the 18th BRICS Summit, the geopolitical optics of the Modi-Putin and Xi Jinping meetings are overshadowing a massive structural pivot toward local-currency settlement, CBDC interoperability, and cross-border trade finance.
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