The UAE has called for deeper coordination among BRICS economies to support sustainable economic growth, as Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, represented the country at the first BRICS Finance Ministers and Central Bank Governors Meeting in Jaipur, India.
The meeting, held on August 12-13, 2026, during India's BRICS Presidency, brought together finance ministers and central bank governors from BRICS member countries alongside heads of regional financial and development organizations.
What was discussed
Delegates addressed the global economic outlook, cooperation on shared economic challenges, reform of global economic governance, public-private partnerships, infrastructure financing, tax and customs cooperation, and other financial matters of common interest.
Al Hussaini stressed the importance of stronger coordination and cooperation among BRICS countries to support sustainable economic growth and strengthen the resilience of emerging and developing economies.
"BRICS provides an important platform for advancing multilateral action and developing shared responses to global economic and financial challenges," Al Hussaini said.
He also pointed to the need for follow-through beyond the meeting itself. "The UAE believes it is essential to build on the outcomes of the technical working groups and ensure continuity of the initiatives launched under India's Presidency. This will help sustain the long-term impact of financial cooperation among BRICS countries and contribute to shaping a more balanced and inclusive global economic system," he said.
UAE's contributions to the agenda
The UAE used the meeting to present national best practices and initiatives spanning public-private partnerships, sustainable infrastructure financing, artificial intelligence, digital transformation, climate finance, private capital mobilization, and the development of domestic financial markets.
The UAE delegation also took part in a seminar examining the role of the New Development Bank in mobilizing private capital across BRICS member countries, and joined a workshop focused on resilient growth in emerging economies, which covered integrating risk financing and strengthening infrastructure resilience.
Why this matters for the UAE
The first-of-its-kind gathering marks an early test of how BRICS finance officials plan to coordinate policy under India's 2026 Presidency, with the UAE positioning itself as an active contributor on financing tools and digital and climate-related initiatives rather than a passive participant. For UAE businesses and policymakers tracking regional financial cooperation, the meeting signals continued engagement with BRICS institutions such as the New Development Bank on infrastructure and private capital mobilization.