What is BRICS? when was it formed?
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BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China, and South Africa. The BRICS members are known for their significant influence on regional affairs. Since 2009, the governments of the BRICS states have met annually at formal summits. Wikipedia
Founded: June 2006
Headquarters: BRICS Tower
Founded at: UN HQ, NYC (UNGA 61st session); Yekaterinburg (1st BRIC summit)
Subsidiary: New Development Bank
Founders: China, Brazil, Russia
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