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BRICS Breakthrough: Keeping Track of Bloc Summit Accomplishments

09:45, 25 October 2024
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A number of significant milestones were reached during the BRICS Summit in Kazan, Russia, including agreements to establish a BRICS Grain Exchange to guarantee global food security, expand the activities of the bloc's New Development Bank, and set criteria for new members.
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The Kazan Summit was able to build on fifteen painstaking years of work by BRICS members to build the organization up to its current stature after the very BRICS Summit in Yekaterinburg, Russia, in 2009.
Since then, the BRICS have made an array of groundbreaking policy decisions, from exploring the use of local currencies for trade (a policy which has since become reality), incorporating new members, creating the NDB, ramping up and systematizing cooperation with developing nations, etc.
Read more about the timeline of BRICS’ buildup into the global force it is today in Sputnik’s infographic.
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