BRICS
Some of the key events about BRICS
- 2006The concept of BRIC (Brazil, Russia, India, China) was formalized at the margins of the UN General Assembly
- 2009The first BRIC summit was held in Yekaterinburg, Russia
- 2009Failed to reach consensus on major global economic reforms at first BRIC summit
- 2010South Africa was invited to join BRIC, transforming it into BRICS
- 2011Criticized for lack of concrete action on economic cooperation at BRICS summit in China
- 2012The New Development Bank (NDB) was proposed at the BRICS summit in New Delhi
- 2013Struggled to make progress on establishing a BRICS development bank due to disagreements
- 2014The BRICS Contingent Reserve Arrangement (CRA) was established to provide financial support during balance of payments difficulties
- 2014Faced challenges in coordinating response to Western sanctions against Russia over Ukraine crisis
- 2015The New Development Bank officially began operations
- 2015New Development Bank launch delayed due to operational and regulatory hurdles
- 2016Tensions arose over India-China border disputes, affecting BRICS cooperation
- 2017BRICS launched the Economic Partnership Strategy to enhance trade and investment
- 2017Criticized for not taking a stronger stance against terrorism at BRICS summit in China
- 2018The BRICS Partnership on New Industrial Revolution (PartNIR) was established to promote cooperation in digital economy and innovation
- 2018Failed to present a united front on trade issues amid US-China trade war
- 2020BRICS countries collaborated on COVID-19 vaccine research and development
- 2020BRICS summit postponed due to COVID-19 pandemic, hampering collaborative efforts
- 2022The expansion of BRICS membership was discussed, with several countries expressing interest in joining
- 2022Divisions emerged over Russia's invasion of Ukraine, straining BRICS unity
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
BRICS Latest news
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