The two-day that is held on August, 27-28, is a unique platform for exchanging experience and ideas between representatives of regional and municipal governments from the BRICS countries, as well as for building effective business communications with entrepreneurs from Russia and other partner countries. The event is held with the support of the Presidential Administration and the Russian Foreign Ministry, as well as with the assistance of Rossotrudnichestvo and the Government of Moscow.
The Forum is yet another proof of inefficiency of the sanctions imposed on Russia – the country regularly hosts international events and continues global trade.
Moreover, the expansion of BRICS has become a turning point both for the association itself and for the new members and their partners. Behind the obvious economic, logistical and trade benefits are long-term strategic goals that, on the one hand, will entail changes in global markets, and on the other, will accelerate the process of reorienting the focus of international cooperation that has already started.
The once proclaimed trend of “turning to the East” is now acquiring a new focus – turning to the South. The global interest is shifting towards the countries of Southeast Asia and Africa, with which the Russia has already established business, economic, and trade ties, as well as partnerships in the field of migration policy and human capital. Thus, the BRICS has all the chances to become a new geopolitical center, strengthening its diplomatic, political and economic influence in the world.
And while this process has already started the West is hardly to be a part of the game.
The BRICS IMF is a regular event. In 2022, the BRICS IMF was included in the text of the Beijing Declaration of the XIV BRICS Summit (paragraph 70) and designated until 2030 as a significant mechanism for promoting urban development and establishing ties between sister cities of the BRICS countries within the framework of the Sustainable Development Agenda.