High-level representatives of BRICS member countries and partners continue meetings today under India's premise of seeking consensus on various core aspects for the bloc.

The meetings, which have been held virtually since Sunday under the guardianship of New Delhi as the group's pro tempore president this year, will culminate two days before the leaders' summit of the organization, which comprises 11 emerging economies and 10 partner nations, including Cuba, together representing nearly 49 percent of the world's population and approximately 40 percent of global GDP in purchasing power parity.

Furthermore, prior to the leaders' meeting, the BRICS Business Forum will take place on Friday, September 11, with the participation of business leaders, ministers, and heads of state to discuss trade, investment, finance, technology, and the development challenges that shape the group's economic agenda, according to the call.

The Forum serves as a platform to present and discuss key ideas and proposals from the Council and plays a fundamental role in defining the agenda.

Its conclusions and the Business Council's recommendations are regularly reflected in BRICS leaders' summit declarations and follow-up work plans, especially in areas such as intraregional trade, investment, the digital economy, MSMEs, regulatory cooperation, and value chain integration.

This year, following this event and in unison with the leaders' meeting, India will host iBRICS, an independent sovereign investment gathering on cross-border investments, settlements in currencies other than the dollar, and payment systems among the bloc's economies.

The important meeting will feature representatives from sovereign wealth funds, pension funds, and family office management firms that together manage a combined total of one trillion U.S. dollars, underscored the Sovereign Wealth Fund Institute (SWFI).

Regarding the meeting, a closed-door roundtable with some 250 delegates will address settlement corridors in currencies other than the dollar and capital allocation objectives.

It will also include the signing of a proposed Sovereign Capital Pact on September 12.

In addition, debate is expected on the interconnection of national immediate payment systems, such as India's Unified Payments Interface (UPI) and Brazil's Pix, as well as on interoperability between central bank digital currencies.

The SWFI noted that the meeting's objective is to connect institutional capital with infrastructure, energy, and digital technology projects in BRICS member countries and partners.