The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
The initiative of trilateral contacts between Moscow, Delhi and Beijing belonged to Yevgeny Primakov (Russia’s Foreign Minister in 1996-1998.) Back in the 1990-s Primakov foresaw the strengthening of Russia, India and China, which eventually would make these large continental powers an integral part of the new world order
Support for national and multilateral development banks has grown worldwide in the decade since the global financial crisis. And the continued success of national development banks (NDBs), in particular, will be vital to achieve more sustainable economic growth in the future