BRICS and the New Development Bank
The BRICS has emerged at a time when the future of the international financial system that arose in the immediate aftermath of World War II is increasingly being called into question. Given their expanding economic size and increasingly active diplomacy, the BRICS countries are gradually gaining greater influence over the international decision-making process. In 2009, a BRICS summit was initiated to create a new platform to work together as a group of rising powers that are both willing and able to play a collective role in international affairs.
