CPI welcomes BRICS push for global governance reforms, de-dollarisation

The Communist Party of India on Sunday welcomed the BRICS declaration calling for global governance reforms and said the grouping should lead the push for a more representative, democratic and equitable international order.
CPI general secretary D Raja said the call for greater representation of the Global South in the United Nations, including reform of the UN Security Council, as well as reforms in the IMF and World Bank was an important step in that direction.

“The inclusion of India and other developing countries in decision-making structures must be pursued with greater urgency,” Raja said in a statement.
Raja also referred to the progress made in India-China relations on the sidelines of the BRICS summit, saying it strengthened the CPI's longstanding position that disputes between the two neighbouring countries should be resolved through dialogue and diplomacy.

The CPI also welcomed the BRICS countries' “unequivocal concern” over continuing violence in West Asia and their call for restraint, dialogue and an immediate ceasefire in Gaza.
“BRICS support for full UN membership for Palestine and the legitimate rights of the Palestinian people should be the call of the entire globe,” Raja said.
He said the international community must also address the concentration of power in the hands of a few countries.

“The urgent need for institutional checks on the unilateral exercise of power by imperialist countries cannot be overstated,” Raja said.
The CPI welcomed the reaffirmation of “zero tolerance towards terrorism” in the BRICS' New Delhi Declaration and also backed the emphasis on greater use of local currencies in trade and financial transactions among member countries.