Prime Minister Narendra Modi has said terrorism is the biggest problem in the world today. He stressed that countries that give protection and support to terrorists must be held accountable.
- The Prime Minister was addressing the 12th BRICS Summit via video conference on November 17, 2020.
- He expressed happiness that under Russia’s leadership, BRICS’ counter-terrorism strategy has been given final touch.
What is BRICS?
- BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa.
- The acronym BRIC was coined by Goldman Sachs in 2001 to indicate the emerging powers that would be, alongside the United States, the five largest economies of the world in the 21st century.
- In 2006, BRIC countries started their dialogue, which since 2009 takes place at annual meetings of heads of state and government.
- In 2011, with South Africa joining the group, the BRICS reached its final composition, incorporating a country from the African continent.
- At the Fortaleza Summit (2014), in Brazil, important institutions were created: the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA).
