BRICS Fostering Cooperation Among Emerging Economies for Thirteen Years

The governments of the BRICS countries decided to help each other after the global economic crisis in 2008, and to expand the involvement of emerging countries in international financial institutions, such as the International Monetary Fund (IMF).

RIO DE JANEIRO, BRAZIL - What was conceived as a label for the financial market has gained momentum and has become a cooperation engine that includes 3.1 billion people and is equivalent to 41 percent of the world's population. Joining the initials of Brazil, Russia, India, China, and South Africa, the BRICS is made up of the world's five major emerging economies and is promoting its 11th summit meeting in Brasília on Wednesday and Thursday, November 13th and 14th.

In 2001, British economist Jim O'Neill, then head of Global Economic Research at Goldman Sachs investment bank . . .

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