BRICS Meeting 2012
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What is BRICS – BRICS Countries
The fourth BRICS Meeting is going to take place in India in the last week of March. The BRICS is a global governmental forum of the major emerging economies of the world and they are Brazil, Russia, India, China and South Africa. South Africa has been included as a member in the year 2010. Other than Russia, all the other members of the forum are considered as newly developed or developing nations.The members of BRICS are well-known all over the world because of their powerful economies and substantial control on the local and international matters.
Till the month of January 2012, three BRICS meetings took place, and every one of them was organized by a separate member nation. The fourth summit has been planned to be hosted in India in the end of March 2012.
About BRICS Meeting
The BRICS meeting is an annual meeting or symposium which discusses about different issues related to the global economy. India has started the homework to organize the BRICS Meeting or Summit to be held this year in New Delhi, the capital of India. A contest has also been thrown open for designing the logo of this summit.Three years ago, the first BRICS meeting was hosted by the city of Yekaterinburg in Russia in the month of June 2009. Nevertheless, India is organizing the BRICS meeting for the first time.
In 2009, the Republic of South Africa was included into the consortium which was known as BRIC. This nomenclature was given by Jim O'Neill, the economic analyst of Goldman Sachs, to symbolize the four fastest-developing promising economies in the globe.
Once South Africa became a member of BRIC, the name of the consortium was changed to BRICS. This happened in the month of April 2011 when the BRIC meeting took place in Sanya, People’s Republic of China.
As stated by sources, India is getting ready to host this major event. Over the past two months, Somanahalli Mallaiah Krishna, the External Affairs Minister of the Union Government of India, tripped the capital cities of the member nations of the BRICS consortium to request the administrative heads of these nations to come and attend the meeting to be held in New Delhi.
Initial Meetings of BRICS
| Meeting | Date | Participants | Host leader | Host nation | Place |
|---|---|---|---|---|---|
| 1st | 06/16/09 | BRIC | Dmitry Medvedev | Russia | Yekaterinburg |
| 2nd | 04/16/10 | BRIC | Luiz Inácio Lula da Silva | Brazil | Brasília |
| 3rd | 04/14/11 | BRICS | Hu Jintao | People's Republic of China | Sanya |
| 4th | March 2012 | BRICS | Manmohan Singh | India | New Delhi |
Tentative Date of BRICS 2012
The tentative date for the BRICS summit is March 29, 2012. The venue of the summit is yet to be announced.Member Countries of BRICS
The member countries of BRICS along with their administrative heads (heads of state, heads of government, finance minister, and central bank governors) are mentioned below:| Russian Federation | Federative Republic of Brazil | People's Republic of China | Republic of India | Republic of South Africa |
|---|---|---|---|---|
| Prime Minister (Head of Government): Vladimir Putin | President (Head of State and Government): Dilma Rousseff | Premier (Head of Government): Wen Jiabao | Prime Minister (Head of Government): Manmohan Singh | President (Head of State and Government): Jacob Zuma |
| President (Head of State): Dmitry Medvedev | Minister of Finance: Guido Mantega | President (Head of State): Hu Jintao | President (Head of State): Pratibha Patil | Minister of Finance: Pravin Gordhan |
| Minister of Finance: Anton Siluanov | Governor of Central Bank: Alexandre Tombini | Finance Minister: Xie Xuren | Finance Minister: Pranab Mukherjee | Governor of Central Bank: Gill Marcus |
| Governor of Central Bank: Sergey Mikhaylovich Ignatyev | Governor of Central Bank: Zhou Xiaochuan | Governor of Central Bank: Duvvuri Subbarao | Republic of South Africa |
Last Upadated on 3/9/2012
