BRICS Ministers Meetings
2009 New York meeting: Documents
BRICS Foreign Ministers meetings Index
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- 2015: May 25, Moscow — Deputy Foreign Ministers
- 2014: September 25, New York
- 2014: March 24, The Hague
- 2013: September 26, New York
- 2012: September 26, New York
- 2011: November 24, Moscow, Russia
- 2011: September 23, New York
- 2010: September 21, New York
- 2009: September 24, New York
- 2009: May 16, Yekaterinburg
- 2008: September 25, New York
BRICS Foreign Ministers Meeting 2009, September 24, New York
The BRICS Foreign Ministers Meeting on September 24, 2009, in New York was a significant event in the early development of the BRICS group.
The 2009 New York Meeting
- Agenda:
- While specific details are limited, it’s likely the ministers discussed:
- Global economic situation in the wake of the 2008 financial crisis
- Reform of international financial institutions
- Climate change (as the Copenhagen Climate Conference was approaching)
- Coordination of positions on various UN issues
- While specific details are limited, it’s likely the ministers discussed:
- Importance:
- This meeting helped solidify BRIC as a cohesive group on the international stage.
- It allowed the ministers to coordinate their positions ahead of important UN discussions and other international forums.
- Bilateral Meetings:
- Such gatherings often provide opportunities for bilateral discussions between member countries on the sidelines.
Developments Following the Meeting
- Expansion to BRICS:
- In 2010, South Africa was invited to join the group, transforming it into BRICS.
- The first summit including South Africa was held in 2011 in Sanya, China.
- Increasing Influence:
- BRICS countries began pushing for greater representation in global financial institutions like the IMF and World Bank.
- They started exploring the idea of creating their own financial institutions.
- New Development Bank:
- In 2014, BRICS countries signed an agreement to create the New Development Bank, which became operational in 2015.
- Contingent Reserve Arrangement:
- Also in 2014, BRICS established a $100 billion Contingent Reserve Arrangement to provide support to member countries during balance of payments difficulties.
Impact on Global Governance
- Alternative Voice:
- BRICS emerged as an alternative voice to the G7 in global economic discussions.
- The group advocated for a more multipolar world order.
- South-South Cooperation:
- BRICS became a symbol of South-South cooperation and a platform for emerging economies to coordinate their positions.
- Economic Weight:
- By 2009, BRIC countries accounted for about 15% of the global economy and 42% of global population, highlighting their growing importance.
The 2009 Foreign Ministers Meeting in New York was thus a stepping stone in the evolution of BRICS from an economic concept to a significant geopolitical entity, playing an increasingly important role in global governance and economic affairs.
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