In this article, we will answer all the questions like What is BRICS its headquarters, member countries, its Objective, etc. Apart from that, we will also cover details like who will host the 13th BRICS Summit 2021 and its theme.
What is BRICS?
It is an acronym used for the association of five emerging economic nations namely Brazil, Russia, India, China, and South Africa.
Initially, it was known as BRIC but later on, South Africa joined this group in the year 2010.
After the induction of South Africa, it is formerly known as BRICS.
What are the main Objectives of Brics?
The main objective of BRICS organization is as follows:-
- Provide financial assistance to member nations.
- Development of the member nations.
- Cooperate with the member nations for trade and development.
- Support projects and infrastructure of the member nation.
- It also provides financial assistance to countries other than its members.
13th BRICS Summit 2021 Theme
BRICS Summit 2021 will be hosted by India. India will host the BRICS summit for the third time. In the past time India successfully hosted BRICS summit in 2012 and 2016.
China formally admitted that it will support India for hosting BRICS summit this year.
Key Points of 13th BRICS Summit 2021 hosted by India
- BRICS is also celebrating its 15 anniversary in this year summit.
- India is chairing the BRICS meeting and is the host country.
- The Government of India had also launched a website brics2021.gov.in for it.
- The theme for 13th BRICS summit 2021 this year is ‘BRICS @ 15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus’.
- However, it is still not clear that the BRICS summit will take place physically or virtually.
Key Points on BRICS Organisation
- BRIC was founded in June 2006.
- Its Headquarters is in Shanghai, China.
- The first formal BRIC summit was held in Yekaterinburg, Russia on 16 June 2006.
- Brazil, India, China, and Russia are the founders’ member of BRIC.
- Its meeting is held annually since 2009.
- The 11th edition of BRICS Summit 2019 is being held in Brasilia, Brazil.
- The official language of BRICS is English, Chinese, Hindi, and Russian.
- Official website infobrics.org/
- NEW Development Bank (NDB) is established by the member nation to support projects through loans, guarantees, and other financial instruments.
FAQs on BRICS
What is the Full form of BRICS?
BRICS is an acronym used for Brazil, Russia, India, China and South Africa.
Who is the current President of BRICS?
KV Kamath is the president of the BRICS.
How many countries are there in BRICS?
There are Five member nations namely Brazil, Russia, India, China and South Africa in BRICS.
Who will host 13th BRICS summit 2021?
13th BRICS summit 2021 will be hosted by India.
What is the theme for 13th BRICS summit 2021?
The theme for 13th BRICS summit 2021 this year is ‘BRICS @ 15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus’.
How many BRICS summit have been held?
India will be hosting the 13th BRICS summit in 2021. Total 12 summits have been held so far.
When was BRICS established?
BRICS was founded in June 2006 by China, Brazil and Russia.
When did India joined BRIC?
India joined BRIC in 2009.
Where is headquarter of BRICS?
The headquarters of BRICS is in Sanghai, China.
Which country is the first beneficiary of BRICS?
Russia is the first beneficiary of BRICS.