The BRICS organisation, comprising Brazil, Russia, India, China, and South Africa, aims to foster economic and political cooperation among its members
The BRIC, which was founded in 2009, accounts for more than 40% of the world's population and 24% of global GDP.
The New Development Bank and the Contingent Reserve Arrangement have greatly enhanced BRICS member states' financial support.
Its payment System aims to facilitate cross-border transactions and promote political and diplomatic cooperation on global issues.
It has made significant advances in renewable energy and climate change research and development, showcasing collaboration and innovation.
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