On the verge of the BRICS summit in Rio de Janeiro, various Brazilian movements have presented economic strategies to the Ministry of Finance. These proposals will be relayed to financial bodies within the BRICS countries. The initiatives emphasize enhancing trade, investment, governance, and youth engagement while reforming global financial institutions. Furthermore, discussions involve creating alternative payment systems, increasing transparency, and ensuring social justice.

The dialogue includes input from civil society, intellectuals, researchers, and organizations. A seminar at the University of Brasilia contributed to these dialogues. The resulting documents aim to synthesize recommendations agreed upon by councils and forums, focusing on inclusive and effective financial strategies. Future plans include drafting a final report that consolidates all discussed issues.

Civil Society's Influence on BRICS Financial Reforms

Groups such as the BRICS Civil Council are advocating for transformative financial strategies. Their proposals focus on expanding the use of national currencies and reforming international financial bodies like the IMF. They also propose establishing a supervisory unit to monitor loans to international organizations and improving debt resolution mechanisms globally.

These reforms aim to increase transparency and data sharing among member nations. Marco Fernandes from the Landless Rural Workers’ Movement highlights the importance of an alternative payment system akin to SWIFT but tailored for local currencies. He mentions that consensus exists among several BRICS countries regarding these financial reforms. Additionally, he applauds Brazil's efforts in facilitating greater public participation in BRICS discussions, noting it as a historical first where civil society was directly engaged.

Trade Union and Youth Contributions to BRICS Policies

Trade unions and youth organizations have submitted texts emphasizing labor rights, social protection, and the inclusion of young people in high-level debates. The Trade Union Forum stresses the need for policies guaranteeing decent work and reducing inequalities. They advocate for taxing excessive wealth and promoting professional training alongside technological advancements.

Lourenço Ferreira do Prado from the General Workers’ Union underscores the influence of geopolitical factors on these proposals. He insists on the necessity of peace and cooperation for achieving social justice. Meanwhile, the BRICS Youth document highlights the crucial role of young people in shaping the bloc's future. It calls for structured funding and reliable data exchanges to support youth-oriented public policies. Nilson Florentino from the Secretariat for Youth emphasizes the significance of dedicated funding lines for youth initiatives within the BRICS framework, ensuring their voices are heard in priority discussions.