---
title: "Why did BRICS created?"  
description: "A concise explanation of the origin of BRICS and its purpose."  
author: "Anjita D."  
published: 2023-12-20  
canonical: https://yourviews.mindstick.com/story/3551/why-did-brics-created  
category: "education, international"  
tags: ["BRICS", "created", "worldwide", "world", "news", "facts", "general knowledge"]  
reading_time: 1 minute  

---

# Why did BRICS created?

![Why did BRICS created](https://yourviews.mindstick.com/stories/0935bf8d-901a-499f-a765-5f5a6f442743/images/a9096345-6422-4e9d-bf58-52afc167b47b.jpeg) ![Why did BRICS created](https://yourviews.mindstick.com/stories/0935bf8d-901a-499f-a765-5f5a6f442743/images/0ffa81ae-6e17-43b1-b2f6-38099cdaa7fb.jpeg) The BRICS organisation, comprising Brazil, Russia, India, China, and South Africa, aims to foster economic and political cooperation among its members ![Why did BRICS created](https://yourviews.mindstick.com/stories/0935bf8d-901a-499f-a765-5f5a6f442743/images/f4a0d793-c76b-4849-abd5-3d7c754d4771.jpeg) The BRIC, which was founded in 2009, accounts for more than 40% of the world's population and 24% of global GDP. ![Why did BRICS created](https://yourviews.mindstick.com/stories/0935bf8d-901a-499f-a765-5f5a6f442743/images/53bffc4a-d7fb-4cbe-9fe6-83fff9f3f2f0.jpeg) The New Development Bank and the Contingent Reserve Arrangement have greatly enhanced BRICS member states' financial support. ![Why did BRICS created](https://yourviews.mindstick.com/stories/0935bf8d-901a-499f-a765-5f5a6f442743/images/dd6cbf63-b268-44bf-8ded-d2eb685e4bd9.jpeg) Its payment System aims to facilitate cross-border transactions and promote political and diplomatic cooperation on global issues. ![Why did BRICS created](https://yourviews.mindstick.com/stories/0935bf8d-901a-499f-a765-5f5a6f442743/images/c4985c98-ec25-4939-b7d4-012d4f40060b.jpeg) It has made significant advances in renewable energy and climate change research and development, showcasing collaboration and innovation.

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Original Source: https://yourviews.mindstick.com/story/3551/why-did-brics-created

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