New Development Bank opens its Africa Regional Center

Ministers backed cooperation among young scientists and research networks to address social and economic challenges.

Leaders addressed development, international governance and the need for responsive and collective solutions to shared challenges.

The outreach connected the five members with Bay of Bengal countries in a development dialogue without changing BRICS membership.

Agreements with the Asian Infrastructure Investment Bank and other development banks created channels for potential cofinancing and knowledge exchange.

The sporting event provided a people-to-people exchange beyond formal summits and economic meetings.

BRICS leaders reaffirmed development cooperation, more representative international governance and continued engagement with emerging economies.

The bank and business council formalized a channel to identify and develop potential investment and infrastructure cooperation.

Xiamen hosted a dialogue with invited emerging and developing countries on development cooperation and implementation of the 2030 Agenda; attendance did not mean BRICS membership.

The agreement created a channel for collaboration in the Americas on sustainable infrastructure and development finance.

The agreement prepared an office in São Paulo to identify and support sustainable-development projects across the Americas; it did not itself open the office.