In an effort to reduce financing costs and encourage investment, the BRICS group of developing nations is preparing to announce the creation of a new guarantee fund. This fund is supported by the

The creation of the new fund aims to respond to global investment developments in a context of uncertainty around US economic policy. According to information, the initiative is inspired by the World Bank's Multilateral Investment Guarantee Agency (MIGA). Brazilian officials consider this fund to be the central axis of the BRICS financial agenda during Brazil's rotating presidency. This fund should be mentioned in the joint declaration of the BRICS summit, scheduled for next week in Rio de Janeiro

The BRICS group, formerly composed of Brazil, Russia, India and China, has integrated South Africa and has recently opened up to other developing nations, in an effort to increase its influence on global governance. Technical preparations for setting up the fund should be completed by the end of the year, paving the way for pilot projects that could benefit from guarantees as early as 2026.