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BRICS leaders adopted the 140-paragraph New Delhi Declaration at the XVIII BRICS Summit (New Delhi, 12-13 September 2026) under the theme 'Building for Resilience, Innovation, Cooperation and Sustainability'.
The summit marked 20 years of BRICS (2006-2026); two commemorative postage stamps were released.
The Declaration condemned the 22 April 2025 terror attack in Jammu and Kashmir, opposed carbon border adjustment mechanisms, and called for UNSC, IMF, World Bank and WTO reform.
PM Modi proposed a BRICS Continuity and Implementation Mechanism, a BRICS Reform Roadmap and a Seafarers Emergency Support Network.
China will chair BRICS in 2027 and host the XIX Summit.
Finance infrastructure and sustainable development in BRICS and developing countries
Key: Agreed at the 6th Summit, Fortaleza (2014); HQ Shanghai; initial authorised capital USD 100 billion; President Dilma Rousseff (since 2023); 11 members after Colombia and Uzbekistan joined in 2025. 11th Annual Meeting held in Moscow, 14-15 May 2026.
BRICS financial safety net against short-term balance-of-payments pressure
Key: Also launched at Fortaleza (2014) with USD 100 billion: China 41, Brazil, India and Russia 18 each, South Africa 5. Declaration welcomes CRA Treaty amendments, the ninth CRA Test Run and onboarding of new members.
Let invited states take part in BRICS without full membership
Key: Created at the 16th Summit, Kazan (22-24 October 2024). Ten partners: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, Vietnam.
Faster, cheaper cross-border payments and trade settlement in local currencies
Key: Endorsed in the Kazan (2024) and Rio (2025) Declarations; taken forward by the BRICS Payment Task Force, voluntary and non-binding.
A grain-trading platform within BRICS, later other farm commodities
Key: Russian proposal endorsed in the Kazan Declaration 2024; New Delhi calls for further talks on its modalities.
Shared satellite data among BRICS space agencies
Key: Amendment to admit new BRICS space agencies nearly finalised; Terms of Reference for a BRICS Space Council being drafted.
First BRIC Foreign Ministers' Meeting, New York
First BRIC Summit, Yekaterinburg (Russia)
South Africa admitted; BRIC becomes BRICS
6th Summit, Fortaleza: NDB and CRA agreed
15th Summit, Johannesburg: six countries invited to join
Egypt, Ethiopia, Iran, UAE join; Indonesia follows in January 2025
16th Summit, Kazan: partner country category created
17th Summit, Rio de Janeiro (6-7 July)
18th Summit, New Delhi: New Delhi Declaration
Uses the Troika of past, present and next chairs to follow up decisions, with a secure digital repository tracking nodal point, timeline and status
Ten proposals on global governance reform by the next summit, built on 'Representation, Responsiveness and Rule-making'
Would link maritime authorities and missions for distress alerts, medical help and evacuation
BRICS training in negotiation and legal skills for young Global South diplomats, so they become 'rule-shapers' in AI, cyber, space and biotech
GS Paper 2 > International Relations > Important International Groupings
General Awareness > Current Affairs > Summits
General Awareness > International Financial Institutions
The Fortaleza Declaration', recently in the news, is related to the affairs of
Answer: BRICS
Consider the following statements: 1. New Development Bank has been set up by APEC. 2. The headquarters of New Development Bank is in Shanghai. Which of the statements given above is/are correct?
Answer: 2 only
With reference to a grouping of countries known as BRICS, consider the following statements: 1. The First Summit of BRICS was held in Rio de Janeiro in 2009. 2. South Africa was the last to join the BRICS grouping. Which of the statements given above is/are correct?
Answer: 2 only
Consider the following statements with regard to BRICS: I. 16th Summit... Russia... II. Indonesia has become a full member... III. Theme... Which of the statements given above is/are correct?
Answer: I and III
USD 100 billion BRICS reserve pool (China 41, Brazil/India/Russia 18 each, South Africa 5) for balance-of-payments support
BRICS participation status below full membership, created at Kazan 2024
Carbon border adjustment mechanism - a carbon levy on imports, opposed by BRICS as disguised protectionism
Past, current and next chair working together; basis of India's proposed continuity mechanism