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Pradeep Kumar

07/04/21 11:00 AM IST

First Meeting of BRICS Finance Ministers and Central Bank Governors in India

In news

India hosted a Meeting of BRICS Finance Ministers and Central Bank Governors virtually today on April 6, 2021

Highlights
  • Participants included Finance Ministers and Central Bank Governors of the BRICS countries.
  • This was the first meeting of the BRICS Finance Ministers and Central Bank Governors under India Chairship in 2021.
  • BRICS Finance Ministers and Central Bank Governors discussed financial cooperation agenda set by India for 2021 - Global Economic Outlook and Response to COVID-19 pandemic.
BRICS
  • It is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China, and South Africa.
  • The BRICS members are known for their significant influence on regional affairs.
  • Since 2009, the governments of the BRICS states have met annually at formal summits.
  • Originally the first four were grouped as "BRIC" (or "the BRICs") before the induction of South Africa in 2010.
Source: PIB

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