BRICS is an international organization consisting of leading emerging economies Brazil, Russia, India, China and South Africa. The 9th BRICS summit was held in Xiamen, China in September 2017, hosted by President Xi Jinping. Key objectives of BRICS include regional development, economic growth, and establishing the New Development Bank to fund infrastructure projects. Leaders from Brazil, Russia, India, China and South Africa participated in discussions around issues like terrorism and North Korea's nuclear tests.