BRICS Advances Financial Guarantee Mechanism for Sustainable Development
Abu dhabi: The BRICS technical finance meeting, which gathered deputy ministers and central bank representatives, concluded with a significant move towards establishing a multilateral financial guarantee mechanism. This initiative is set to support sustainable development projects, focusing on energy transition, renewable energy expansion, and the enhancement of resilient infrastructure. According to Emirates News Agency, Tatiana Rosito, the Secretary for International Affairs at the Ministry of Finance in Brazil, explained that a joint session on COP30 climate financing was held to review the agenda developed over the past six months. A technical report has been prepared to help align the positions