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Context:
· It is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa.
· It is actually a forum than a traditional-type organization with rigid membership and regulations.
· Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.
· At the Fortaleza Summit (2014), in Brazil, the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) were created
· Among other areas of collaboration, matters pertaining to drug trafficking is an important area of cooperation among the BRICS member states.
What challenges BRICS is facing?
BRICS and COVID-19:
Way Ahead:
https://newsonair.com/2021/07/30/brics-counter-terrorism-action-plan-finalised-at-working-group-meet/
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