BRICS leaders call for fairer international representation

The twelfth summit addressed the pandemic, international economic recovery, security and continued cooperation among the five countries.

The strategy set medium-term cooperation priorities in trade, investment, finance and the digital economy.

At the bank’s sixth annual meeting, governors reviewed emergency lending, plans for new members and infrastructure priorities.

The five agencies signed an agreement for a virtual constellation using existing remote-sensing satellites. Shared observation data could help with climate, disaster and environmental work.

The virtual summit maintained cooperation in public health, economic recovery and multilateral governance during the COVID-19 pandemic.

The declaration welcomed the signed remote-sensing cooperation agreement and plans for agricultural and innovation cooperation. It recorded multiple tracks beyond finance.

Bangladesh deposited its accession instrument and became the bank’s first effective member beyond the five founding countries. This was NDB membership, not BRICS membership.

The bank and Shanghai municipal government held a handover and move-in ceremony for the headquarters building.

The UAE deposited its accession instrument, becoming an effective member of the bank before it was invited to join the BRICS grouping in 2023.

Health and science authorities launched the BRICS Vaccine Research and Development Centre online. The initiative sought cooperation on vaccine research and more equitable access.