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This document discusses the BRICS organization, which includes Brazil, Russia, India, China, and South Africa. It provides background on the formation of BRICS in 2003 and highlights that the main objectives of BRICS are to provide an alternative to the World Bank and IMF and achieve regional development and economic growth among member nations. The document also outlines the history of BRICS summits since 2009, advantages and disadvantages of BRICS countries, key sectors and initiatives like the New Development Bank.
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Brics
- 1. Presented By :- KhushbuBhalodiya(03) Presented To :- Meera Ma’am 1
- 2. • Brazil RussiaIndia China South Africa 2
- 3. BRICS Jim O'Neillchairman of Goldman Sachs report 2003. International political organization of leading emerging economies. BRIC:- starting in 2006 , headquarter Shanghai, China. 1st summit :- 16th June, 2009 @ Russia. The BRICS Forum was formed in 2011 3
- 4. PRESIDENT OF BRICS:- Dilma Dmitry Narendra Xi Jinping Cyril Rousseff Medvedev Modi Ramaphosa 4
- 5. • Why………….. ????? Tobe an Alternative to World Bank and IMF . To provide Self owned and Self Managed Organization to carry out Developmental and Economical Plans in member nations without being dependent on any foreign agency. it strength on recent development in BRICS with the initiative of BRICS Bank. 5
- 6. Objective Of BRICS:- To achieve regional development. To remove the trade barriers. Build up relationships. Optimum use of the resources. React to terrorism. To achieve the goals of New Development Bank. 6
- 7. BRICS SUMMIT Sr. No.Date Host Country Host Leader 1 16 June 2009 RUSSIA Dmitry Medvedev 2 15 April 2010 BRAZIL Luiz Inácio Lula da Silva 3 14 April 2011 CHINA Hu Jintao 4 29 March 2012 INDIA Manmohan Singh 5 26-27 March 2013 SOUTH AFRICA Jacob Zuma 6 14-16 July 2014 BRAZIL Dilma Rousseff 7 8-9 July 2015 RUSSIA Vladimir Putin 8 15-16 October 2016 INDIA Narendra Modi 9 3-5 September 2017 CHINA Xi Jinping 10 25-27 July 2018 SOUTH AFRICA Cyril Ramaphosa 7
- 8. Advantage of BRICS:- India is also expected to grow faster than China after 2020. Rising incomes in the BRICs nations will create a new middle consumer class Featured as- “Roadmap For Contribution” Important drivers for growth in the global economy. Expansion of their consumer markets and the rise of multinational companies. 8
- 9. Disadvantage of BRICS:- Huge number of People living in Poverty. It has many infrastructure problems which limits progress. progress will also be limited by its immovable cast system and dual economy. 9
- 10. TARGET SECTORS FORBRICS TRADE :- Manufacturing, services agriculture Energy & infrastructure mining healthcare The green economy 10
- 11. BRICS LOGO @INDIA 11
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- 14. Fact About BRICS:- 21% Global GDP. 43 percent of the world's population. combined foreign reserves of an estimated $4.4 trillion. trade flows :- $500 billion by 2015. 14
- 15. 2017 summit It wasthe 9th International BRICS summit. Took place on 3rd to 5th of September 2017. The summit was held in Xiamen, China. Hosted by Xi JimPing, President of China. 5 guests – Egypt, Mexico, Thailand, Tajikistan and Guinea. Theme of the Summit was “Stronger Partnership for Brighter Future.” 15
- 16. PARTICIPATING LEADERS 1. MichelTemer, President of Brazil 2. Narendra Modi, Prime Minister of India 3. Xi Jinping, President of China (Host) 4. Vladimir Putin, President of Russia 5. Jacob Zuma, President of South Africa 16
- 17. India and BRICS2017 A brief discussion of the Doklam Standoff with China. India -Russia signed deals worth Rs. 39,000 crores across multiple sectors. 17
- 18. Road map forcelebrating 70 years anniversary 18
- 19. New Development Bank:- Formed on July 2014 and came into force in July 2015. Earlier known as “BRICS Development Bank”. Headquarter in Shanghai. Unlike the world bank which assigns vote based on capital share, In the NDB each participant country will be assigned one vote. 1st president from India & Chairman of Board of Directors from Brazil and Chairman of Board of Governors from Russia. NDB is source of rising strength of BRICS & against the domination of western countries through WORLD BANK & IMF 19
- 20. FINANCIAL STRUCTURE 50$ billion(10$ billion from each country) as initial capital. 100$ billion Contingency Reserve Arrangement(CRA). At the time of expansion the 55% share of the bank will be held by BRICS countries only. Developing or less developing countries can also apply for financial assistance. The Bank shall support public or private. 20
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Editor's Notes
- #3 With the entrance of South Africa, at the 3rd BRIC’s Summit, in April 2011, the BRIC became BRICS, with capital "S".
- #4 The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs.
- #7 The BRICS also formed an information-sharing and exchange platform that expands beyond economic cooperation to also involve educational, cultural, and environmental engagement.
- #12 Brics green Russia blue Orenge india China red Yellow sa.
- #15 1) The BRICS countries make up 21 percent of global GDP. They have increased their share of global GDP threefold in the past 15 years. 2) The BRICS are home to 43 percent of the world's population. 3) The BRICS countries have combined foreign reserves of an estimated $4.4 trillion. 4) Intra-BRICS trade flows reached $282 billion in 2012 and are estimated to reach $500 billion by 2015. In 2002, it was $27.3 billion. 5) IMF estimates of GDP per member in 2012, China $8.25 trillion, Brazil $2.43 trillion, Russia and India at $1.95 trillion each, South Africa $390.9 billion. 6) Per capita GDP for 2012 was estimated at, China $6,094, Brazil $12,340, Russia $13,765, India $1,592, South Africa $7,636
- #21 , this capital base to be used for financial infrastructure & sustainable development projects. ) for liquidity protection of brics countries during Balance of payment problem (BOP). ( 41% china, 18% india,Russia,brazil and 5% south Africa). 5) projects through loans, guarantees, equity participation and other financial instruments. It shall also cooperate with international organizations and other financial entities
- #22 We believe the BRICS markets retain strong characteristics that attract equity investors. We can count here a strong economic growth, favorable demographics, rich natural resources, and strong finances. The worries and uncertainty will likely continue to create some angst in the global market, But we firmly believe that these markets should do well in the long-term