digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

6th BRICS Summit
Sexta cúpula do BRICS
Host country Brazil
Date 14 July 2014 (2014-07-14)–16 July 2014 (2014-07-16)
Venue(s) Centro de Eventos do Ceará[1]
Cities Fortaleza & Brasília[2]
Participants BRICS
Follows 5th BRICS summit
Precedes 7th BRICS summit
Website brics6.itamaraty.gov.br

The 6th BRICS summit was the sixth annual diplomatic meeting of the BRICS, a grouping of major emerging economies that includes Brazil, Russia, India, China and South Africa. It was hosted by Brazil, as the first host country of the current five-year summit cycle;[3] the host city was Fortaleza.[4] Argentine President Cristina Kirchner was a special guest of the summit. Though Brazil hosted a four-member BRIC summit in April 2010, 2014 marked its first full BRICS summit;[5] the 2010 summit in Brasília did not officially include South Africa, who were only invited as guests in a prelude to full membership, which they achieved in December 2010.[6] Most importantly, the New Development Bank was officially inaugurated.

Background[edit]

Following the 2013 BRICS summit in Durban, South Africa, the BRICS countries released a joint statement summarising the results of their discussions and naming Brazil as the host country for the 2014 summit.[3] Having agreed to set up a new international development bank during the 2013 summit,[7] the member countries intended to complete the arrangements prior to the 2014 summit.[8] The summit was initially scheduled for March 2014, but was shifted to a later date at China's request; it was held on 14–16 July 2014.[9]

Participants[edit]

BRICS leaders at the 6th BRICS summit. Left to right: Putin, Modi, Rousseff, Xi and Zuma.
Core BRICS members
Host state and leader are shown in bold text.
Member Represented by Title
Brazil Brazil Dilma Rousseff[10] President
Russia Russia Vladimir Putin[10][11] President
India India Narendra Modi[10] Prime Minister
China China Xi Jinping[10][12] President
South Africa South Africa Jacob Zuma[10] President
Invited leaders

Agenda[edit]

The BRICS Development Bank was due to be inaugurated and Shanghai was selected as its headquarters.[17] On 15 July, the group signed a document to create the US$100 billion BRICS Development Bank and a reserve currency pool worth over another US$100 billion. Documents on cooperation between BRICS export credit agencies and an agreement of cooperation on innovation were also signed.[18] In a press release, the group wrote: "We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF's legitimacy, credibility and effectiveness."[19] It was read as a rival to the IMF and World Bank.[20] The first president will be from India.[21]

Reactions[edit]

State

Russian President Vladimir Putin said of the summit that it sought to reduce dependency on the U.S. dollar and strengthen the rule of international law:[22]

In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank's decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this.

Other

Mike Billington of the Executive Intelligence Review said of the creation of the bank that the "BRICS nations have essentially changed world history. They have established a new paradigm for the world..."[23]

Bilateral meetings[edit]

Jinping was said to have told Modi that China was willing to consider expanding the SCO to include India as a full member at the 2014 SCO summit[24]

BRICS-UNASUR summit[edit]

The five members and eleven invited guests at the summit

The BRICS were scheduled to hold a summit with UNASUR leaders in Brasília on 16 and 17 July.[25]

Invited UNASUR heads of state[25]

Gallery of participating leaders[edit]

Members:

See also[edit]

References[edit]

  1. ^ "Programme: VI BRICS Summit". brics6.itamaraty.gov.br. 2014. Retrieved 15 July 2014. 
  2. ^ "UNASUR leaders arrive in Brazil for BRICS summit". Buenos Aires Herald. Retrieved 16 July 2014. 
  3. ^ a b "Fifth BRICS summit declaration and action plan". BRICS. 27 March 2013. Retrieved 10 July 2013. 
  4. ^ "A Cúpula de Durban e o futuro dos BRICS". Post-Western World. 4 July 2013. Retrieved 7 November 2013. 
  5. ^ "The BRICS summit: Lacking mortar". The Economist. 27 March 2013. Retrieved 10 July 2013. 
  6. ^ "BRIC Summit Joint Statement, April 2010". Council on Foreign Relations. 15 April 2010. Retrieved 10 July 2013. 
  7. ^ "Brics eye infrastructure funding through new development bank". The Guardian. 28 March 2013. Retrieved 29 March 2013. 
  8. ^ "India sees BRICS development bank agreed by 2014 summit". Reuters. 19 April 2013. Retrieved 10 July 2013. 
  9. ^ "BRICS 2014 Summit Official Site". Retrieved 17 July 2014. 
  10. ^ a b c d e "Modi Likely to Watch FIFA World Cup Final ahead of BRICS Summit". India West. Retrieved 19 June 2014. 
  11. ^ "Putin to visit Brazil for final game of World Cup 2014". PRAVDA.Ru. Retrieved 19 June 2014. 
  12. ^ "Brazil to Use Chinese Visit for Business Deals". Folha de S.Paulo. Retrieved 19 June 2014. 
  13. ^ a b "Argentina invited to BRICS meeting in Brazil". Buenos Aires Herald. Retrieved 19 June 2014. 
  14. ^ "Argentina to Join BRICS Upcoming Summit on Russia's Invitation". FARS. Retrieved 19 June 2014. 
  15. ^ "The good, the bad and the Paris Club". Bueno Aires Herald. Retrieved 19 June 2014. 
  16. ^ a b "BRICS summit: PM Modi to leave for Brazil tomorrow, will seek reforms". Hindustan Times. Retrieved 12 July 2014. 
  17. ^ "On Eve of BRICS Summit, Atlantic Nations Push Green Death, Pacific Pushes Development". Larouchepac.com. 8 July 2014. Retrieved 16 July 2014. 
  18. ^ "BRICS establish $100bn bank and currency reserves to cut out Western dominance – RT Business". Russia: RT. Retrieved 16 July 2014. 
  19. ^ "Press releases". Brics6.itamaraty.gov.br. Retrieved 17 July 2014. 
  20. ^ "BRICS countries near development bank deal to rival IMF, WB". Russia: RT. Retrieved 16 July 2014. 
  21. ^ "BRICS Development Bank launched, first president to be from India". The Times of India. Retrieved 17 July 2014. 
  22. ^ "Putin: No plans for BRICS military, political alliance". Russia: RT. Retrieved 16 July 2014. 
  23. ^ http://www.presstv.com/detail/2014/08/17/375652/west-fears-russian-sway-wants-it-in-war/
  24. ^ http://www.telegraphindia.com/1140806/jsp/nation/story_18691973.jsp
  25. ^ a b "Los líderes del BRICS, Unasur, Cuba, México y Costa Rica se citan en Brasilia". La Vanguardia. Retrieved 15 July 2014. 
  26. ^ "Argentina to Join BRICS Upcoming Summit on Russia's Invitation". FARS. Retrieved 19 June 2014. 
  27. ^ "The good, the bad and the Paris Club". Bueno Aires Herald. Retrieved 19 June 2014. 

http://www.iasifs.com/2014/07/6th-bricks-summit-and-outcomes.html


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/6th_BRICS_summit — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
47264 videos foundNext > 

PM Narendra Modi's address at Plenary Session of Sixth BRICS Summit

The Prime Minister, Shri Narendra Modi addressing at the Plenary Session of the Sixth BRICS Summit, at Ceara Events Centre, in Fortaleza, Brazil on July 15, ...

PM Modi arrives in Brasilia for the Sixth BRICS Summit

The Prime Minister, Shri Narendra Modi arrives in Brasilia for the Sixth BRICS Summit with South American Countries, in Brazil on July 15, 2014.

PM meets Russian President Vladimir Putin at BRICS Summit in Fortaleza, Brazil

The Prime Minister, Shri Narendra Modi at a bilateral meeting with the President of the Russian Federation, Mr. Vladimir Putin, on the sidelines of the Sixth BRICS Summit, in Fortaleza, Brazil...

PM Modi at First Private Working Session of BRICS summit

The Prime Minister, Shri Narendra Modi being received by the President of Brazil, Ms. Dilma Rousseff, on his arrival at the First Working Session of the Sixt...

#WideAngle on '6th BRICS Summit in Brazil' (Part 1)

WideAngle on "6th BRICS Summit in Brazil" with C Uday Bhaskar in conversation with Hardeep Puri, Former Indian Ambassador to Brazil and Arvind Virmani, Form...

Christopher Woods on the 6th BRICS summit in Fortaleza, Brazil.

The five BRICS nations will begin the Sixth BRICS summit in Fortaleza, Brazil. You will remember the excitement last year when Durban hosted the fifth one. A...

Five nations gather in Brazil for 6th BRICS summit

For the very latest on the BRICS summit, CCTV turned to Stephen Gibbs in Fortaleza.

#WideAngle on '6th BRICS Summit in Brazil' (Part 2)

WideAngle on "6th BRICS Summit in Brazil" with C Uday Bhaskar in conversation with Hardeep Puri, Former Indian Ambassador to Brazil and Arvind Virmani, Form...

6th BRICS Summit | Summit On BRICS Development Bank & Trend of America : TV5 News

Subscribe to TV5 News Channel: http://goo.gl/NHJD9 ▻ Like us on Facebook: http://www.facebook.com/tv5newschannel ▻ Follow us on Twitter: https://twitter.co...

What is on the table for the 6th BRICS summit in Brazil?

What is China's role in these important issues? CCTV reporter Ai Yang sat down with an economics expert in Beijing to find out what will be on the table at t...

47264 videos foundNext > 

132 news items

Reuters India

Reuters India
Wed, 27 Aug 2014 22:27:09 -0700

Prime Minister Narendra Modi reacts during a meeting with Brazil's President Dilma Rousseff (not pictured) on the sidelines of the 6th BRICS summit at the Alvorada Palace in Brasilia July 16, 2014. Credit: Reuters/Ueslei Marcelino/Files ...

haveeruonline

haveeruonline
Sun, 24 Aug 2014 02:11:15 -0700

India's PM Modi (2L) joins hands with Russian President Putin (L), Brazil's President Dilma Rousseff (C), China's President Xi Jinping (2R) and South Africa's President Jacob Zuma (R) for the 6th BRICS summit in Fortaleza. PHOTO/AFP. NEW DELHI, Aug 24, ...

Independent Online

eNCA
Mon, 04 Aug 2014 20:51:45 -0700

(L to R) Russian President Vladimir Putin, India's PM Narendra Modi, Brazilian President Dilma Rousseff, China's President Xi Jinping and South Africa's Jacob Zuma gesture during the 6th BRICS Summit in Fortaleza, Brazil, on July 15, 2014. WASHINGTON ...

Bangkok Post

Bangkok Post
Sun, 24 Aug 2014 06:52:30 -0700

Images representing China and Brazil are projected onto the outer walls of Brasilia's national museum, designed by Brazilian architect Oscar Niemeyer, as Chinese President Xi Jinping visits Brazil to attend the 6th Brics summit, in Brasilia on July 17 ...

WantChinaTimes

WantChinaTimes
Wed, 27 Aug 2014 18:07:30 -0700

From left: President Vladimir Putin of Russia, Prime Minister Narendra Modi of India, President Dilma Rousseff of Brazil, President Xi Jinping of China and President Jacob Zuma of South Africa pose for photos at the 6th BRICS summit in Fortaleza ...

Reuters UK

Reuters UK
Mon, 25 Aug 2014 22:49:07 -0700

Prime Minister Narendra Modi reacts during a meeting with Brazil's President Dilma Rousseff (not pictured) on the sidelines of the 6th BRICS summit at the Alvorada Palace in Brasilia July 16, 2014. Credit: Reuters/Ueslei Marcelino/Files ...
 
News24
Thu, 14 Aug 2014 05:11:15 -0700

On 15 July 2014, the first day of the 6th BRICS summit held in Fortaleza, Brazil, the group of emerging economies signed the long-anticipated document to create the $100 billion BRICS Development Bank and a reserve currency pool worth over another $100 ...
 
Financial Express Bangladesh
Fri, 22 Aug 2014 08:19:11 -0700

'Inclusive Growth: Sustainable Solutions' was the theme of 6th BRICS summit at Fortaleza. Through this summit came the Fortaleza Declaration to deal with international, political and economic issues as do all intergovernmental groups. On the political ...
Loading

Oops, we seem to be having trouble contacting Twitter

Talk About 6th BRICS summit

You can talk about 6th BRICS summit with people all over the world in our discussions.

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!