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Historical Evolution and Foundation
The journey of BRICS began with informal ministerial meetings in 2006 and formalized in 2009 with the first summit. Since then, the alliance has held annual summits, collaborated on developmental banking, and continuously advocated for the reform of global financial governance institutions such as the IMF and World Bank.
South Africa’s inclusion was strategic, making BRICS more representative of the Global South. The establishment of the New Development Bank (NDB) in 2014 and the Contingent Reserve Arrangement (CRA) cemented BRICS' resolve to support sustainable development and provide alternatives to Western-dominated financial structures.
Current Membership and Expanding Influence
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With the inclusion of new members, BRICS covers:
42% of global population
30% of global land area
23% of global GDP
44% of crude oil production
Objectives and Institutional Mechanisms
BRICS primarily aims to:
Reform global governance institutions for greater equity
Promote South-South cooperation
Encourage sustainable development
Reduce dependence on the U.S. dollar and Western-controlled systems
Key institutional mechanisms include:
Annual BRICS Summits
New Development Bank (NDB)
Contingent Reserve Arrangement (CRA)
BRICS Business Council
Think Tank Network for Finance
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Key Themes from the 16th BRICS Summit (Kazan, Russia 2024)
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Expansion and inclusion of new members
Promotion of multilateralism and peaceful conflict resolution (Ukraine, West Asia)
Financial integration through non-dollar trade systems
Launch of the BRICS Grain Exchange
Wildlife conservation (Big Cats initiative)
India-China diplomatic reset on border issues
Strategic Benefits for Individual Members
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Nice UN Oceans ConferenceTexas Water Association: 89th Legislative Recap
Texas Water Association: 89th Legislative RecapTexas Water Association
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Sarah Kirkle, TWA Director of Policy and Legislative Affairs定制鲍奥翱蹿蹿别谤英国华威大学毕业证范本,鲍奥学历证书
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How SafeLives Is Working to End Domestic AbuseMark Lyttleton
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The nationwide charity SafeLives is committed to ending domestic abuse for good. Last year, the charity trained over 11,500 first responders and professionals and reached nearly 100,000 child and 90,000 adult survivors via its programmes. Ad