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BRICS Crucial for Global Cooperation Amidst Fragmentation: Juliano Assunção
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News18•04-10-2026, 21:00
BRICS Crucial for Global Cooperation Amidst Fragmentation: Juliano Assunção
- •Juliano Assunção, Executive Director, CPI/PUC-Rio, highlights BRICS as a vital platform for deepening economic cooperation and finding common solutions amidst rising geopolitical, climate, and economic risks.
- •Assunção emphasized the increasing importance of building resilience as the global economy faces fragmentation and uncertainty, stating BRICS is a great example of countries collaborating to solve shared problems.
- •He noted that global risks from climate change, geopolitical tensions, and wars make platforms for cooperation increasingly important for fostering inclusive economic growth.
- •Assunção described US tariffs as "very unfortunate" and highlighted that rising US bond yields reflect increasing global risks, adding challenges for emerging markets like India, Brazil, and Indonesia.
- •He praised India's ability to maintain economic growth despite global challenges and suggested India leverage its abundant solar resources for renewable energy, drawing parallels with Brazil's ethanol blending success.
Key Questions Answered
Juliano Assunção stated that BRICS provides an essential platform for countries to deepen economic cooperation and find common solutions to shared problems amid rising geopolitical, climate, and economic risks.
Rising US bond yields reflect increasing global risks with investors demanding higher yields for funds, which adds to the economic challenges already faced by emerging markets such as India, Brazil, and Indonesia.
India has a great opportunity to make greater use of its abundant solar resources due to its growing access to renewable technologies and a sharp decline in solar panel costs.
