6th BRICS Summit

Sexta cpula do BRICS

Host
country
Brazil
Date 14 July 201416 July 2014
Venue(s)
Centro de Eventos do Cear
[1]
Cities
Fortaleza
&
Braslia
[2]
Participants BRICS
Follows 5th BRICS summit
Precedes 7th BRICS summit
Website brics6.itamaraty.gov.br
(http://brics6.itamaraty.gov.br)
6th BRICS summit
From Wikipedia, the free encyclopedia
The 6th BRICS summit was the sixth annual
diplomatic meeting of the BRICS, a grouping of
world's major emerging economies that includes
Brazil, Russia, India, China and South Africa. It was
hosted by Brazil, as the first host country of the
current five-year summit cycle;
[3]
the host city
was Fortaleza.
[4]
Argentine President Cristina
Kirchner was a special guest of the summit.
Though Brazil hosted a four-member BRIC summit
in April 2010, 2014 marked its first full BRICS
summit;
[5]
the 2010 summit in Braslia did not
officially include South Africa, who were only
invited as guests in a prelude to full membership,
which they achieved in December 2010.
[6]
Most
importantly, in this meeting the New
Development Bank was officially inaugurated.
Contents
1 Background
2 Participants
3 Agenda
3.1 Reactions
4 Bilateral meetings
5 BRICS-UNASUR summit
6 Gallery of participating leaders
7 See also
8 References
Background
Following the 2013 BRICS summit in Durban, South Africa, the BRICS countries released a joint
BRICS leaders at the 6th BRICS
summit. Left to right: Putin,
Modi, Rousseff, Xi and Zuma.
Following the 2013 BRICS summit in Durban, South Africa, the BRICS countries released a joint
statement summarising the results of their discussions and naming Brazil as the host country for the
2014 summit.
[3]
Having agreed to set up a new international development bank during the 2013
summit,
[7]
the member countries intended to complete the arrangements prior to the 2014
summit.
[8]
The summit was initially scheduled for March 2014, but was shifted to a later date at
China's request; it was held on 1416 July 2014.
[9]
Participants
India's Narendra Modi made this the first summit of his
premiership.
The heads of state/heads of government of the five countries
that participated in the summit were:
Core BRICS members
Host state and leader are shown in bold text.
Member Represented by Title
Brazil
Dilma Rousseff
[10]
President
Russia
Vladimir Putin
[10][11]
President
India
Narendra Modi
[10]
Prime Minister
China
Xi Jinping
[10][12]
President
South Africa
Jacob Zuma
[10]
President
Invited leaders
Argentina : Cristina Fernndez de Kirchner, President of Argentina
[13][14][15][16]
Agenda
The BRICS Development Bank was due to be inaugurated and Shanghai was selected as its
headquarters.
[17]
On 15 July, the group signed a document to create the US$100 billion BRICS
Development Bank and a reserve currency pool worth over another US$100 billion. Documents on
cooperation between BRICS export credit agencies and an agreement of cooperation on innovation
were also signed.
[18]
In a press release, the group wrote: "We remain disappointed and seriously
concerned with the current non-implementation of the 2010 International Monetary Fund (IMF)
reforms, which negatively impacts on the IMF's legitimacy, credibility and effectiveness."
[19]
It was
read as a rival to the IMF and World Bank.
[20]
The headquarters of the NDB will be in Shanghai, the
institution's first president will be from India, the bank's first regional office will be in Johannesburg,
the inaugural chairman of the board of governors will be from Russia and the first chairman of the
board of directors will be from Brazil. The presidency, with a term of five years, will rotate among
the members of the bloc.
[21]
Reactions
State
Russian President Vladimir Putin said of the summit that it sought to reduce dependency on the U.S.
dollar and strengthen the rule of international law:
[22]
In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is
the common intention to reform the international monetary and financial system. In the
present form it is unjust to the BRICS countries and to new economies in general. We
should take a more active part in the IMF and the World Bank's decision-making system.
The international monetary system itself depends a lot on the US dollar, or, to be
precise, on the monetary and financial policy of the US authorities. The BRICS countries
want to change this.
Other
Mike Billington of the Executive Intelligence Review said of the creation of the bank that the "BRICS
nations have essentially changed world history. They have established a new paradigm for the
world..."
[23]
Bilateral meetings
Jinping was said to have told Modi that China was willing to consider expanding the SCO to include
India as a full member at the 2014 SCO summit
[24]
BRICS-UNASUR summit
The BRICS were scheduled to hold a summit with UNASUR leaders in Braslia on 16 and 17 July.
[25]
Invited UNASUR heads of state
[25]
Argentina Cristina Fernndez de Kirchner
[13][14][15][16]
Bolivia Evo Morales
Chile Michelle Bachelet
The five members and eleven
invited guests at the summit.
Colombia Juan Manuel Santos
Ecuador Rafael Correa
Guyana Donald Ramotar
Paraguay Horacio Cartes
Peru Ollanta Humala
Suriname Dsi Bouterse
Uruguay _ Jos Mujica
Venezuela Nicols Maduro
Gallery of participating leaders
Members:
Brazil
Dilma Rousseff, President

Russia
Vladimir Putin, President

India
Narendra Modi, Prime Minister

China
Xi Jinping, President

South Africa
Jacob Zuma, President
See also
Politics and sports
References
1. ^ "Programme: VI BRICS Summit" (http://brics6.itamaraty.gov.br/programme). brics6.itamaraty.gov.br.
2014. Retrieved 15 July 2014.
2. ^ "UNASUR leaders arrive in Brazil for BRICS summit"
(http://www.buenosairesherald.com/article/164732/unasur-leaders-arrive-in-brazil-for-brics-summit).
Buenos Aires Herald. Retrieved 16 July 2014.
3. ^
a

b
"Fifth BRICS summit declaration and action plan" (http://www.brics5.co.za/fifth-brics-summit-
declaration-and-action-plan/). BRICS. 27 March 2013. Retrieved 10 July 2013.
4. ^ "A Cpula de Durban e o futuro dos BRICS" (http://www.postwesternworld.com/2013/07/04/a-cupula-
de-durban-e-o-futuro-dos-brics/). Post-Western World. 4 July 2013. Retrieved 7 November 2013.
5. ^ "The BRICS summit: Lacking mortar" (http://www.economist.com/blogs/newsbook/2013/03/brics-
summit). The Economist. 27 March 2013. Retrieved 10 July 2013.
6. ^ "BRIC Summit Joint Statement, April 2010" (http://www.cfr.org/brazil/bric-summit-joint-statement-
april-2010/p21927). Council on Foreign Relations. 15 April 2010. Retrieved 10 July 2013.
7. ^ "Brics eye infrastructure funding through new development bank" (http://www.guardian.co.uk/global-
development/2013/mar/28/brics-countries-infrastructure-spending-development-bank). The Guardian.
28 March 2013. Retrieved 29 March 2013.
8. ^ "India sees BRICS development bank agreed by 2014 summit"
(http://in.reuters.com/article/2013/04/19/g20-brics-india-idINDEE93I0DK20130419). Reuters. 19 April
2013. Retrieved 10 July 2013.
9. ^ "BRICS 2014 Summit Official Site" (http://brics6.itamaraty.gov.br/). Retrieved 17 July 2014.
10. ^
a

b

c

d

e
"Modi Likely to Watch FIFA World Cup Final ahead of BRICS Summit"
(http://www.indiawest.com/news/india/article_7620d1de-f600-11e3-9dc2-001a4bcf887a.html). India
West. Retrieved 19 June 2014.
11. ^ "Putin to visit Brazil for final game of World Cup 2014" (http://english.pravda.ru/news/sports/18-06-
2014/127827-putin_world_cup_brazil-0/). PRAVDA.Ru. Retrieved 19 June 2014.
12. ^ "Brazil to Use Chinese Visit for Business Deals"
(http://www1.folha.uol.com.br/internacional/en/business/2014/06/1472306-brazil-to-use-chinese-visit-
for-business-deals.shtml). Folha de S.Paulo. Retrieved 19 June 2014.
13. ^
a

b
"Argentina invited to BRICS meeting in Brazil"
(http://www.buenosairesherald.com/article/160670/argentina-invited-to-brics-meeting-in-brazil).
Buenos Aires Herald. Retrieved 19 June 2014.
14. ^
a

b
"Argentina to Join BRICS Upcoming Summit on Russia's Invitation"
(http://english.farsnews.com/newstext.aspx?nn=13930310001021). FARS. Retrieved 19 June 2014.
15. ^
a

b
"The good, the bad and the Paris Club" (http://www.buenosairesherald.com/article/160941/the-
good-the-bad-and-the-paris-club). Bueno Aires Herald. Retrieved 19 June 2014.
16. ^
a

b
"BRICS summit: PM Modi to leave for Brazil tomorrow, will seek reforms"
(http://www.hindustantimes.com/india-news/pm-narendra-modi-to-leave-for-brazil-tomorrow-for-
brics-summit/article1-1239519.aspx). Hindustan Times. Retrieved 12 July 2014.
17. ^ "On Eve of BRICS Summit, Atlantic Nations Push Green Death, Pacific Pushes Development"
(http://larouchepac.com/node/31248). Larouchepac.com. 8 July 2014. Retrieved 16 July 2014.
18. ^ "BRICS establish $100bn bank and currency reserves to cut out Western dominance RT Business"
(http://rt.com/business/173008-brics-bank-currency-pool/). Russia: RT. Retrieved 16 July 2014.
19. ^ "Press releases" (http://brics6.itamaraty.gov.br/media2/press-releases). Brics6.itamaraty.gov.br.
Retrieved 17 July 2014.
20. ^ "BRICS countries near development bank deal to rival IMF, WB" (http://rt.com/business/171500-
russia-2bn-brics-bank/). Russia: RT. Retrieved 16 July 2014.
21. ^ "BRICS Development Bank launched, first president to be from India"
(http://timesofindia.indiatimes.com/business/international-business/BRICS-Development-Bank-
launched-first-president-to-be-from-India/articleshow/38440605.cms). The Times of India. Retrieved 17
July 2014.
22. ^ "Putin: No plans for BRICS military, political alliance" (http://rt.com/politics/official-word/172768-
putin-brics-economies-alliance/). Russia: RT. Retrieved 16 July 2014.
23. ^ http://www.presstv.com/detail/2014/08/17/375652/west-fears-russian-sway-wants-it-in-war/
24. ^ http://www.telegraphindia.com/1140806/jsp/nation/story_18691973.jsp
25. ^
a

b
"Los lderes del BRICS, Unasur, Cuba, Mxico y Costa Rica se citan en Brasilia"
(http://www.lavanguardia.com/economia/20140715/54411930114/los-lideres-del-brics-unasur-cuba-
mexico-y-costa-rica-se-citan-en-brasilia.html). La Vanguardia. Retrieved 15 July 2014.

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