Brazilian President Dilma Rousseff on Tuesday named her finance minister and Central Bank president to represent the country on the Board of Governors of the BRICS New Development Bank (NDB).
The Brazilian Senate has approved the creation of the BRICS Bank and confirmed a treaty on creating a contingency fund for the bloc, local media reported on Monday.
China's top legislator Zhang Dejiang on Monday urged the world's five leading emerging economies to boost cooperation and play a constructive role in addressing global issues and promoting world peace and development.
Chinese State Councilor Yang Jiechi Tuesday urged BRICS members to unite and promote multi-lateralism in international relations.
A ministerial meeting of the BRICS bloc of emerging economies kicked off Tuesday with a call for cooperation towards social development.
In contrast to the West's cynicism about the economic prospects of BRICS, China has nothing but confidence for over 40 percent of the world's population.
Chief of the International Monetary Fund (IMF) Christine Lagarde Wednesday congratulated the establishment of a new reserve arrangement by the BRICS countries, expressing her will to work with them to ensure global financial stability.
The familiar argument predicting a collapse of BRICS countries by the West has sadly failed to grasp the essence of the dynamic grouping from the emerging world.
BRICS grouping Brazil, Russia, India, China and South Africa on Tuesday vowed to intensify cooperation in various fields.
African Union (AU) Chairperson Nkosazana Dlamini-Zuma on Tuesday voiced readiness to work with the BRICS Business Council.
As U.S. President Barack Obama is set to visit South Africa next month, a South African delegation left for the U.S. on Wednesday to seek more investment.
The BRICS countries -- Brazil, Russia, India, China and South Africa -- pledged in a joint communiqu on the sidelines of the 66th World Health Assembly in Geneva, Switzerland, to strengthen intra-BRICS cooperation in promoting health of their peoples.
The fifth BRICS summit is underway in South Africa's coastal city of Durban - the first time for the meeting to be held on African soil.
An agreement among BRICS nations to establish a new development bank has been hailed as a boon to the five emerging economies as well as the global economy.
BRICS countries on Wednesday morning have launched the BRICS Business Council, the key institution expected to drive private sector investments among the five member countries.
The World Bank on Tuesday welcomed the move taken by the BRICS countries to establish a development bank, vowing to work closely with the new lender to end poverty and build shared prosperity throughout the developing world.
BRICS countries must reform their financial systems to facilitate integration and trade settlements, Chairperson of the HSBC Bank in India Naina Lal Kidwai has said.
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