BRICS Summit Flashcards
Recently, Prime Minister of India attended the BRICS summit which was virtually hosted by China.
14th
Theme of the 14th BRICS Summit:
Foster High-quality BRICS Partnership, Usher in a New Era for Global Development.
BRICS countries
Brazil, Russia, India, China, and South Africa
In 2001, the British Economist _______ coined the term BRIC
Jim O’Neill
South Africa was invited to join BRIC in December______,
2010
The BRICS brings together five of the largest developing countries of the world, representing ____ of the global population, 24% of the global GDP and 16% of the global trade.
41%
During the Sixth BRICS Summit in Fortaleza (Brazil) in 2014, the leaders signed the Agreement establishing the ______(NDB - Shanghai, China).
New Development Bank
In ______, the BRICS governments had signed a treaty on the setting up of the contingent reserve arrangement
2014
The arrangement is aimed at forestalling short-term balance of payments pressures, provide mutual support and strengthen financial stability of the BRICS nations.
Remote Sensing constellation of satellites has been launched – with _______ satellites including 2 from India, 2 from China, 1 from Russia, and 1 Brazil-China collaboration
6