Organizations · 1 story

BRICS

BRICS is an intergovernmental grouping of major emerging economies, originally formed in 2009 by Brazil, Russia, India, and China, with South Africa joining in 2010. The bloc has since expanded to include additional members and positions itself as a platform for cooperation among developing countries and an alternative to Western-led institutions. It operates without a charter, permanent secretariat, or legally binding decisions, holding annual summits hosted by the presiding member state.