TNPSC Thervupettagam

16th BRICS Summit

October 26 , 2024 3 days 48 0
  • 16th BRICS Summit was held in Kazan, Russia.
  • India had bilateral meeting with President Xi Jinping on the sidelines of the BRICS summit after 5 years.
  • UN Secretary General Antonio Guterres also attended the BRICS summit.
  • This Summit concluded with the adoption of the Kazan Declaration.
  • The first Bric summit was held in Russia's Yekaterinburg in 2009.
  • South Africa was accepted as a full member at the Bric foreign ministers' meeting in New York in September 2010.
  • The New Development Bank (NDB) was establishment in 2014, with a capital of $100 billion.
  • In 2024, the group further grew with the addition of new members: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.
  • This is the first summit of the group following its expansion.
  • Now, over 30 countries have expressed the desire to join Brics.

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