BRICS is a group of emerging economies established in 2009, originally comprising Brazil, Russia, India and China, joined by South Africa in 2010, in 2024 by Saudi Arabia, Egypt, Ethiopia, Iran, and the United Arab Emirates, and more recently in 2025 by Indonesia. In addition to its member countries, BRICS also engages with partner nations that observe and contribute to its discussions. Cooperation covers economic, political and social issues, with annual summits at the Head of State level, hosted by the country holding the pro-tempore presidency. In addition, Heads of Central Banks and Ministers of the Economy also meet regularly to discuss the bloc’s financial component.

A geopolitical force, BRICS member countries account for about 30% of the world’s GDP, and 49% of the population. Based on the principles of non-interference, equality, and mutual benefit, the alliance addresses some of today’s most pressing agendas, such as sustainable development, the reform of the international finance system, and international trade. Since its foundation, the group has created the New Development Bank, based in Shanghai, to help emerging economies finance infrastructure and sustainable development projects.

In 2025, the bloc’s presidency is held by Brazil, which will be the host country for several BRICS meetings and working groups, including the BRICS Business Council (BBC) and the BRICS Woman’s Business Alliance (WBA).