BRICS to launch investment fund for member states

BRICS will announce a new guarantee fund backed by the New Development Bank (NDB) to reduce financing costs and increase investment. This fund, similar to the World Bank's MIGA, responds to global investment shifts amid U.S. economic uncertainty.

It is a key part of the BRICS financial agenda during Brazil's presidency and will be mentioned at the upcoming summit in Rio de Janeiro.

The BRICS Multilateral Guarantee mechanism has received technical approval and awaits final signoff. No new capital is needed from member nations; existing NDB resources will be utilized. Each dollar in NDB guarantees is expected to mobilize five to ten dollars in private capital.

"This is a politically significant guarantee instrument," said a source. Technical preparations are expected to conclude by year-end, with pilot projects to receive guarantees in 2026.