BRICS focuses on open markets, cash-flow lending and MSME expansion at Jaipur summit
The Jaipur Consensus introduces cash-flow credit assessment for MSMEs to help narrow a $2.5-trillion global trade finance gap, alongside a 2026–2030 action plan for supply chain resilience in critical sectors.
At the 16th BRICS Trade Ministers meeting in Jaipur, the trade ministers of BRICS countries focused on opening up markets, economic diversification, and the internationalization of micro, small, and medium enterprises (MSMEs). Under the newly adopted 'Jaipur Consensus', the ministers agreed to study a BRICS invoice discounting mechanism and established credit-assessment guidelines for export-focused MSMEs, which evaluate companies based on cash flow rather than physical assets or collateral.
This is aimed at narrowing a $2.5 trillion global trade finance gap that heavily impacts smaller businesses.
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