BRICS is a group of five major emerging economies countries before the joined of South Africa the group known as BRIC. the aims of the BRICS to promote :-
- peace
- security
- development and cooperation
Headquarters:- Shanghai, China
Member Countries:-
- B - Brazil
- R- Russia
- I- India
- C- China
- S- South Africa
|
NO. |
YEAR |
COUNTRY |
HOST LEADER |
|
12TH |
2020 |
Russia |
Vladimir Putin |
|
13TH |
2021 |
India |
Narendra Modi |
|
14TH |
2022 |
China |
--- |
Features:-
- The government of BRICS states meet annually at formal summits.
- An estimated total combined population of BRICS countries about 3.21 billion.
- Four out of Five members of BRICS are among the world's ten largest countries by population and by area.
- a combined nominal GDP of BRICS is about USD$19.6 trillion.
- There are multiple economic, territorial and political disputes between the fives countries.
- After the joining of South Africa in 2010 BRIC called as BRICS.
- The first BRICS summit was held in Russia in 2009.
BRICS FORUM:-
An Independent organization encouraging commercial, political, and cultural cooperation between the BRICS nations.
Formed in:- 2011
New Development Bank:-
The New Development Bank was established by the BRICS states which aims to promote infrastructure and sustainable development projects with a significant development impact in member countries.
the shares of The New Development Bank equally divided between the members state of BRICS.
Formed in:- 2014
Headquarters:- Shanghai, China.
Shareholding by member states of BRICS:-
- CHINA- 20%
- INDIA- 20%
- RUSSIA- 20%
- BRAZIL- 20%
- SOUTH AFRICA- 20%
