BRICS 16th Summit

23rd October 2024

The 2024 BRICS summit is the sixteenth annual BRICS summit, currently taking place in Kazan, Russia, from 22 to 24 October 2024.

This is the first BRICS summit to include Egypt, Ethiopia, Iran, and the United Arab Emirates as members following their accession to the organization at the 15th BRICS summit.

https://en.wikipedia.org/wiki/16th_BRICS_summit

BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.

What is the purpose of the BRICS?
BRICS: Acronym for Brazil, Russia, India, China, and South Africa
BRICS was created by Goldman Sachs as an analytical grouping of emerging market countries that experienced strong economic growth and were poised to dominate the world economy by 2050. These countries now operate as an informal organization that seeks to further economic ties with each other.

What is BRICS backed by?
A new BRICS currency, possibly backed by gold, could challenge U.S. dollar hegemony in global trade and finance markets.

Read about BRICS HERE