BRICS

  Two major summits took place concurrently during the last weekend of October: the International Monetary Fund (IMF) meeting in Washington, D.C., and the BRICS summit in Kazan, Russia. The IMF marked its 80th anniversary, having been established alongside the World Bank at the 1944 Bretton Woods conference, where the global financial system was rebuilt around the United States dollar. […]

Turkey has applied for membership in BRICS, an association initially comprised of five major emerging economies: Brazil, Russia, India, China and South Africa. These countries are all leading economies on their respective continents. At the beginning of this year, four additional states joined the organization: Iran, the United Arab Emirates (UAE), Ethiopia and Egypt. Saudi […]