3 weeks ago
CPI backs BRICS call for global governance and de-dollarisation
The Communist Party of India supported a recent BRICS statement about changing how the world is governed.
It said developing countries should have a stronger voice in organizations such as the United Nations.
The party also supported changes to the International Monetary Fund and the World Bank.
It wants BRICS countries to use local currencies more often instead of relying so heavily on the US dollar.
The CPI said this could reduce problems caused by depending on one currency.
It welcomed progress in relations between India and China and said disagreements should be solved peacefully.
The party also supported calls for a ceasefire in Gaza and full United Nations membership for Palestine.
It said BRICS should turn promises about climate change, development and technology into practical cooperation that benefits everyone.
The Communist Party of India welcomed the BRICS declaration supporting reforms to global governance.
CPI General Secretary D Raja urged greater representation for developing countries in the United Nations, including Security Council reform.
The CPI supported increased use of local currencies and called for a broader de-dollarisation agenda.
Raja welcomed reported progress in India-China relations and advocated resolving disputes through dialogue and diplomacy.
The CPI backed BRICS calls for a Gaza ceasefire, Palestinian UN membership, counterterrorism, climate cooperation and responsible technology development.
- Who
- The Communist Party of India and its general secretary, D Raja, responded to the BRICS declaration.
- What
- The CPI endorsed BRICS proposals for global governance reforms, greater Global South representation and reduced dependence on the US dollar.
- Where
- The report is datelined New Delhi and refers to discussions on the sidelines of a BRICS summit.
- When
- Sunday, September 13; the year is not specified in the report.
- Why
- The CPI said international institutions should become more representative, democratic and accountable, while reducing vulnerabilities linked to excessive dependence on a single currency.
Key facts
- Organization
- Communist Party of India
- Statement by
- D Raja, general secretary of the Communist Party of India
- Main position
- BRICS should lead efforts toward a more representative, democratic and equitable international order.
- Institutional reforms
- The CPI supported greater Global South representation in the United Nations and reforms in the International Monetary Fund and World Bank.
- Currency policy
- The CPI backed greater use of local currencies and a broader de-dollarisation agenda.
- West Asia
- The CPI supported BRICS concern over violence, restraint, dialogue, an immediate ceasefire in Gaza and full United Nations membership for Palestine.
- India-China relations
- The CPI said reported progress should reinforce dialogue, diplomacy and peaceful negotiations between the two countries.
Quotes
D Raja
General secretary of the Communist Party of India
“This cooperation should be taken forward into a more comprehensive agenda of de-dollarisation, aimed not at disrupting global trade but at reducing the vulnerabilities created by excessive dependence on a single currency and providing a meaningful check on US financial hegemony.”
theprint.in
“The inclusion of India and other developing countries in decision-making structures must be pursued with greater urgency.”
theprint.in
Sources
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