India to Host Second BRICS Anti-Corruption Working Group Meeting in Hyderabad

Why in news

India is hosting the Second Meeting of the BRICS Anti-Corruption Working Group (ACWG) and the Second Meeting of the BRICS Expert Network on Asset Recovery in Hyderabad under its BRICS Presidency 2026.

Exam relevance

GS2 · International Relations, Governance · Prelims · Mains

Key facts

1. India is hosting the Second Meeting of the BRICS Anti-Corruption Working Group (ACWG) and the Second Meeting of the BRICS Expert Network on Asset Recovery.
2. The meetings are being held in Hyderabad, Telangana.
3. India holds the BRICS Presidency for 2026.
4. The theme of India's BRICS Presidency is "Building for Resilience, Innovation, Cooperation and Sustainability."
5. The meetings will focus on strengthening international cooperation for asset recovery, combating cross-border corruption, and enhancing transparency and accountability in governance.
6. Discussions will include advancing practical cooperation through strengthening informal cooperation for tracing fugitive offenders and supporting extradition proceedings, and enhancing information sharing.

Prelims pointers

• The Second BRICS Anti-Corruption Working Group Meeting is being hosted by India.
• The meeting is taking place in Hyderabad.
• India's BRICS Presidency theme for 2026 is "Building for Resilience, Innovation, Cooperation and Sustainability."
• Key discussion areas include asset recovery, combating cross-border corruption, and enhancing transparency and accountability.

Mains practice question

Examine the significance of the BRICS Anti-Corruption Working Group in combating transnational corruption and facilitating asset recovery. Discuss the challenges and potential ways forward for strengthening international cooperation in this domain.

Static linkage

BRICS is a grouping of major emerging economies comprising Brazil, Russia, India, China and South Africa. The Anti-Corruption Working Group (ACWG) is one of the mechanisms through which BRICS countries collaborate on issues related to combating corruption and recovering stolen assets.

Significance

The meeting signifies India's active role in international cooperation against corruption and its commitment to strengthening the BRICS framework for addressing transnational financial crimes. It provides a platform for member countries to share best practices, enhance mutual legal assistance, and coordinate efforts in tracing and recovering assets illicitly transferred across borders, thereby contributing to global financial integrity and governance.