The economies of the BRICS countries

Developing quite quickly. With the accession of new members, the share of BRICS in the global economy has grown from 31% to 35%, if we look at the results of 2023 in terms of purchasing iran telegram data power parity. And these figures are slightly higher than the share of the G7 countries. So the role of BRICS in the world is significant.

What priorities and goals will BRICS central banks address this year?

We are going to come out with a busy agenda. But at the same time, of course, we will adhere to the principle of continuity and development of the initiatives that our partners proposed in previous years. Among them, I will highlight four key ones.

The first is the development of the payment sector. We have an expert group that discusses various issues, including digital currencies and the interaction of payment systems. This year, we systematic management of business processes want to focus more on settlements in national currencies.

The second topic is cybersecurity in the financial

sector, which interests many central banks. Here, of course, it is important to exchange data on cyber risks. In addition, we would like to invite our partners to conduct cross-border  ao lists cyber exercises. We will discuss this in February at the Ural Forum on Cybersecurity.

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