from Sputnik News:
KAZAN (Sputnik) – Brazil, within both BRICS and the G20, advocates for reform of global governance, which includes not only changes in the UN, but also in other international structures, because multilateral institutions are at a deadlock, Eduardo Paes Saboia, the secretary of Asia and the Pacific at the Brazilian Foreign Ministry, told Sputnik.
“If you look at Brazil’s priorities within the G20, there is the topic of overcoming poverty, sustainable development, climate change, and also reform of global governance. I think that BRICS also supports changes in global governance. Not only the UN, there are other multilateral institutions that are at a deadlock, such as the WTO,” Saboia said.
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He added that there were also many international agreements that were “being destroyed.”
“Multilateralism is in crisis. BRICS, I hope, will help call for a reform of multilateral institutions and a stronger role for the UN in the international system,” the Brazilian diplomat emphasized.
Saboia pointed out that Brazil supported the expansion of the UN Security Council.
“Exactly, this is a key aspect for BRICS and Brazil. Not only for Brazil, but also for other countries, for example, India, South Africa. If we look at crises, for example, in the Middle East, we can see the difficulties that the UN Security Council is facing. This is due to the fact that there is a structure that does not reflect modern reality: in terms of power, regional representation. There is a need not only for countries, but for the entire system. And this should be a priority on the BRICS agenda,” he noted.
BRICS is not discussing the creation of a common currency, negotiations are underway on payment platforms and the use of national currencies, Eduardo Paes Saboia said.
“There is no such thing as a ‘BRICS currency discussion.’ There are different levels of technical discussions of payment platforms, the use of national currencies. These issues are being addressed at the level of finance ministries and central banks. They have been entrusted with this by the heads of state in Johannesburg. These issues can be very technical, you need to be consistent and professional,” Saboia said.
He added that financial issues could become one of the priorities of the upcoming Brazilian presidency of BRICS.
A draft of the final declaration of the BRICS summit is being worked on, and its possible topics include both traditional issues of financial cooperation and new areas like artificial intelligence, Eduardo Paes Saboia said.
