Question

The ‘Fortaleza Declaration’ recently in the news, is related to the affairs of:

• A. ASEAN
• B. BRICS
• C. OECD
• D. $WTO$

Answer 1

Answer:

B. BRICS

The 6th BRICS summit was the sixth annual diplomatic meeting of the BRICS, a grouping of major emerging economies that includes Brazil, Russia, India, China and South Africa. It was hosted by Brazil, as the first host country of the current five-year summit cycle; the host city was Fortaleza. At the summit, the BRIC nations agreed to create the US$100 billion New Development Bank (NDB) to allow states to pool resources for economic stabilization.