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The 17th BRICS summit held in Rio de Janeiro , Brazil on July 6 - 7, 2025 , represented a major moment for the bloc , solidifying its role as an advocate for the Global South and a more multipolar world order .The primary theme for the summit was "Strengthening Global South Cooperation for a More Inclusive and Sustainable Governance".
A central theory of the summit was that the existing Western - dominated global governance and financial institutions such as the UN Security Council the IMF and the World Bank are outdated and do not adequately represent the interests of emerging economies .The BRICS nations sought to reform these institutions and build alternative frameworks to challenge traditional power dynamics .
