The BRICS group of developing nations is set to launch a new investment fund managed by China's New Development Bank (NDB) aimed at providing an alternative to the World Bank. This initiative seeks to lower financing costs and boost investment among member states. Russian Foreign Minister Sergey Lavrov emphasized that the fund and a related new investment platform will be free from Western pressure and outside agendas, supporting a multipolar global economic order. Lavrov also highlighted BRICS's role in driving economic transformation and the goal of creating a more stable global economic architecture. The launch of this investment platform, tied to the BRICS Bank, reflects the bloc's efforts to establish an independent financial mechanism to support its members' development objectives.