BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, and South Africa, which formed the original acronym. In January 2024, Egypt, Ethiopia, Iran, and the United Arab Emirates joined the bloc as new members. The group aims to promote peace, security, development, and cooperation among its member states and to enhance their collective voice in international forums. BRICS focuses on economic cooperation, financial stability (e.g., through the New Development Bank and Contingent Reserve Arrangement), political and security dialogue, and people-to-people exchanges. It advocates for a more multipolar world order and greater representation for developing countries in global governance.
The presiding country is responsible for coordinating intergovernmental activities, developing the agenda, hosting summits and ministerial meetings, and facilitating policy alignment among member states.
N/A (No permanent physical HQ building). Summits and meetings are typically held in major cities of the presiding country, often in convention centers or state facilities.
Characterized by diplomatic engagement, consensus-based decision-making, and multilateral cooperation. Interactions involve high-level government officials, diplomats, and experts from member nations.
The rotational presidency model underscores the principle of equality and shared leadership among member states, allowing each country to shape the agenda during its term.
Collectively, BRICS member states represent a significant share of the world's population (over 40%), land area, and global GDP (over 25% by nominal GDP, and a larger share by PPP). The organization fosters cooperation across diverse sectors including economy, finance, trade, health, science and technology, agriculture, culture, education, and security. Key initiatives like the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) aim to provide alternative financial mechanisms and support sustainable development. The recent expansion to include Egypt, Ethiopia, Iran, and UAE further broadens BRICS's geographical representation and economic potential, enhancing its role in global governance and South-South cooperation.
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N/A (Rotational Presidency)
N/A (Presidency rotates among member states)
Address: Plot C, 23-9&10, EXPO Qiantan, No. 2061, Yaoti Road, Pudong New Area, Shanghai 200126, China
The NDB HQ serves as the central hub for mobilizing resources for infrastructure and sustainable development projects in BRICS member states and other emerging economies globally.
Address: 138 West Street, Sandown, Sandton, 2196, Johannesburg, South Africa
The ARC focuses on project identification, preparation, and loan disbursement for NDB-financed projects in the African continent, enhancing the bank's operational reach and impact in Africa.
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As of April 2025, BRICS' leadership includes:
BRICS has been backed by several prominent investors over the years, including:
BRICS itself does not have a corporate executive team; leadership is at the national level. However, significant changes can occur in BRICS-affiliated institutions like the New Development Bank (NDB). The NDB saw a change in presidency in early 2023.
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BRICS, as an intergovernmental organization, does not have standardized employee email formats like a commercial company. Official communications are typically handled through diplomatic channels of member states, the official website of the country holding the BRICS presidency (e.g., brics-russia2024.ru for 2024), or via BRICS-affiliated institutions such as the New Development Bank (NDB). Contact with the NDB can be made through its official website (ndb.int).
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Devdiscourse • June 7, 2024
Foreign ministers from BRICS member countries are scheduled to meet in Nizhny Novgorod, Russia, on June 10-11. The agenda includes discussions on strengthening strategic partnerships, current international issues, and preparations for the upcoming BRICS summit in Kazan later in the year under Russia's chairmanship....more
ndb.int (New Development Bank) • May 30, 2024
The New Development Bank's Board of Directors approved USD 535 million in financing for two projects: USD 335 million for a Rural Connectivity Improvement Project in Madhya Pradesh, India, and USD 200 million for the Fortaleza Cidade Sustentável Project in Brazil, focusing on urban mobility and solid waste management....more
Reuters • March 5, 2024
The Kremlin announced that BRICS nations will continue discussions on creating an independent payment system. This initiative is part of a broader effort by the bloc to reduce reliance on Western-dominated financial infrastructure and promote the use of national currencies in trade settlements....more
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