UAE BRICS participation highlights commitment to multilateral financial cooperation and climate finance at 2025 meeting in Brazil.
Brazil: The United Arab Emirates reaffirmed its commitment to global financial dialogue and multilateral cooperation through active UAE BRICS participation at the BRICS Finance Ministers and Central Bank Governors Meeting in Rio de Janeiro, Brazil, on 6 July 2025.
Led by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the UAE delegation also included senior officials from the Ministry of Finance and the Central Bank of the UAE. The gathering was held under Brazil’s 2025 presidency of BRICS and marked a significant opportunity to strengthen financial ties and shared development goals among emerging economies.
The agenda comprised three main sessions covering finance ministries, central banks, and a joint dialogue on the global economic outlook, international economic governance, climate finance, and policy coordination.
In his address, H.E. Al Hussaini emphasised the UAE’s active role in shaping the future of the global financial system:
“We are committed to strengthening dialogue on the future of the global financial system and developing multilateral cooperation frameworks to address development challenges.”
He stressed that platforms like BRICS offer a powerful avenue for emerging economies to engage in constructive partnerships, foster financial stability, and promote access to innovative funding. The UAE also called for enhanced financial and monetary policy coordination to ensure sustainable and inclusive growth.
Highlighting the nation’s growing role, H.E. Al Hussaini noted the UAE’s involvement in drafting the joint communiqué, demonstrating its commitment to BRICS’ shared goals. The UAE’s recent entry into the bloc, ratified in January 2024, reflects a broader geopolitical strategy to build strong economic alliances across developing and emerging markets.
The UAE also joined the BRICS New Development Bank in 2021, further strengthening its engagement with the group. The Bank supports infrastructure and sustainable development initiatives in BRICS countries and other developing economies.
The UAE BRICS participation aligns with its vision to act as a global economic bridge and to contribute meaningfully to international policy shaping. As the world navigates complex economic challenges, the UAE continues to advocate for collaborative solutions through forward-thinking financial diplomacy.
