BRIC is a grouping acronym referring to the developing countries of Brazil, Russia, India, and China, which are identified as rising economic powers. It is typically rendered as "the BRIC," "the BRIC countries," "the BRIC economies," or alternatively as the "Big Four." The name has since been changed to BRICS after the addition of South Africa in 2010.
The 2010 BRIC summit took place in Brasília, Brazil on April 16, 2010. This was the second BRIC summit after Yekaterinburg in 2009. The meeting took place between the four heads of government from the BRIC states following bilateral meetings in the prior days.
The 2011 BRICS summit took place in Sanya on the island of Hainan, China, on 14 April 2011. This was the third BRICS summit since 2009. The meeting took place between the five heads of state/heads of government from the BRICS states following bilateral meetings in the prior days.
BRICS is a grouping of the world economies of Brazil, Russia, India, China and South Africa formed by the 2010 addition of South Africa to the predecessor BRIC. The original acronym "BRIC" was coined in 2001 by Goldman Sachs economist Jim O'Neill to describe fast-growing economies that would collectively dominate the global economy by 2050.
The 2015 G20 Antalya summit was the tenth annual meeting of the G20 heads of government/heads of state. It was held in Belek, Antalya Province, Turkey on 15–16 November 2015. The venue for the Leaders Summit was Regnum Carya Hotel Convention Centre at the Regnum Carya Golf & Resort Spa.
The 2012 BRICS summit was the fourth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held at Taj Hotel in New Delhi, India on 29 March 2012 and began at 10:00 Indian Standard Time. This is the first time that India has hosted a BRICS summit. The theme of the summit was "BRICS Partnership for Global Stability, Security and Prosperity".
The 2013 G20 Saint Petersburg summit was the eighth meeting of the G20 heads of government/heads of state. The hosting venue was the Constantine Palace in Saint Petersburg, Russia, on 5–6 September 2013.
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments." Moreover, the NDB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank."
The 6th BRICS summit was the sixth annual diplomatic meeting of the BRICS, a grouping of major emerging economies that includes Brazil, Russia, India, China and South Africa. It was hosted by Brazil, as the first host country of the current five-year summit cycle; the host city was Fortaleza. Though Brazil had previously hosted a four-member BRIC summit in April 2010, 2014 marked its first full BRICS summit; the 2010 summit in Brasília did not officially include South Africa, who were only invited as guests as a prelude to their gaining full membership in December 2010. Argentine President Cristina Kirchner was a special guest of the summit, and the BRICS leaders met with their UNASUR counterparts shortly after. The 6th BRICS summit resulted in the official inauguration of the New Development Bank, a multilateral development bank intended as an alternative to the World Bank and International Monetary Fund.
The 7th BRICS summit was the seventh annual diplomatic summit of the head of states or government of the BRICS member states. It was held in the Russian city of Ufa in Bashkortostan on 8–9 July 2015.
The 2016 G20 Hangzhou summit was the eleventh meeting of the Group of Twenty (G20). It was held on 4–5 September 2016 in the city of Hangzhou, Zhejiang. It was the first ever G20 summit to be hosted in China and the second in an Asian country after 2010 G20 Seoul summit was hosted in South Korea.
The 2016 BRICS summit was the eighth annual BRICS summit, an international relations conference attended by the heads of country or heads of government of the five member countries Brazil, Russia, India, China and South Africa. The summit was held from 15 to 16 October 2016 at the Taj Exotica hotel in Benaulim, Goa, India. India holds the chair of the BRICS from February 2016 to December 2016.
The BRICS Contingent Reserve Arrangement (CRA) is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures. It was established in 2015 by the BRICS countries: Brazil, Russia, India, China and South Africa. The legal basis is formed by the Treaty for the Establishment of a BRICS Contingent Reserve Arrangement, signed at Fortaleza, Brazil on 15 July 2014. It entered into force upon ratification by all BRICS states, announced at the 7th BRICS summit in July 2015.
The 2017 BRICS summit was the ninth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held in Xiamen, China, the second time the China has hosted the summit after the 2011 summit.
The 2018 BRICS summit is the tenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held in Johannesburg, South Africa, the second time the South Africa has hosted the summit after the 2013 summit.
The 2019 BRICS summit was the eleventh annual BRICS summit, an international relations conference to be attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The meeting was held at the Itamaraty Palace, where the Brazilian Ministry of Foreign Affairs is located. The Brazilian capital hosted the BRICS summit for the second time. The Sherpa meeting was held in the Brazilian city of Curitiba between March 14 and 15.
The 2020 BRICS summit was the twelfth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The meeting was originally scheduled to take place in Saint Petersburg from July 21 to 23, 2020, but was changed to a video conference held on November 17 due to the outbreak of the global COVID-19 pandemic.
The 2021 BRICS summit is the thirteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. It was the third time that India hosted the BRICS Summit after 2012 and 2016. The summit was hosted virtually by video conference.
The 2022 BRICS summit is the fourteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. It was the third time that China hosted the BRICS Summit after 2011 and 2017. The summit was hosted virtually by video conference.
The 2023 BRICS summit is the fifteenth upcoming annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. President Cyril Ramaphosa has also invited the heads of state of 70 countries to the summit, including 53 other African Countries, Bangladesh and 16 other countries.
