On October 30, 2024, the Chennai Centre for China Studies (C3S), in collaboration with Maharaja’s College, University of Mysore, hosted an online discussion titled "BRICS+ and Changing World Order: Analysis and Discussion on BRICS Summit 2024." The event brought together experts to analyze the BRICS Summit 2024 outcomes and the evolving role of BRICS+ in global affairs, with contributions from Mr. Rahul Karan Reddy of ORCA.
The session was opened by Dr. Bharati Hiremath from Maharaja’s College, followed by inaugural remarks from Prof. Devaraje Gowda. Commodore R S Vasan moderated the event. Speakers included Prof. A K Pasha, who discussed BRICS’s influence in a multipolar world, Dr. Marina Borovskaya on humanitarian cooperation, Dr. Priyadarshi Dash on sustainable development, Anton Afanasyev on BRICS's contributions to innovation, and Dr. Krishna Prasad N on health sector collaboration for sustainable development.
Mr. Rahul Karan Reddy, Senior Research Analyst at the Organization of Research on China and Asia (ORCA), delivered an in-depth analysis of BRICS' financial mechanisms, with a focus on the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). He began by acknowledging the growing economic influence of developing countries and the Global South, which BRICS seeks to represent in international financial institutions. The main goal of the BRICS grouping, he stated, is to reform global financial institutions like the IMF and World Bank to better reflect the shifting economic landscape.
