BRICS Informal Meetings

2014 Brisbane meeting: Documents

BRICS informal meetings Index

2014 Informal Meeting: November 15, Brisbane, Australia

The BRICS Informal Meeting on November 15, 2014, in Brisbane, Australia, was coordinated to run alongside the G20 Leaders’ Summit, a high-profile international forum bringing together the heads of state and government from the world’s leading economies. The BRICS group comprising Brazil, Russia, India, China, and South Africa, represented influential emerging economies who were utilizing these meetings to bolster cooperation and amplify their collective voice on the global stage.

Brisbane, as the host city, provided a platform for BRICS leaders to engage in discourse over a wide range of themes impacting their own nations and the global economic landscape. The 2014 informal meeting was particularly noteworthy as it followed progress on initiatives discussed in previous summits, such as the establishment of the New Development Bank (NDB) and Contingent Reserve Arrangement (CRA) which were both agreed upon during the 6th BRICS summit in July 2014 in Fortaleza, Brazil.

Key topics likely addressed at the BRICS meeting in Brisbane included:

1. **Updates on the NDB and CRA**: The progress on operationalizing the New Development Bank and the Contingent Reserve Arrangement would have been a prime subject of discussion, considering their significance in fostering financial stability and infrastructure development within BRICS and other emerging countries.

2. **Global Economic Health**: Given the G20 setting, BRICS nations would have extensively deliberated on their stance concerning global economic sentiments, market volatility, and shared challenges in light of ongoing economic recovery in various regions of the world.

3. **Reform of International Financial Institutions**: The leaders might have continued their discussions on reforming the governance structures of major international financial bodies such as the IMF and World Bank to reflect the growing stature and influence of emerging markets in the global economy.

4. **Sustainable Development Goals**: Acknowledging the upcoming conclusion of the Millennium Development Goals (MDGs) in 2015, the BRICS leaders would have likely discussed their role and contributions towards shaping the new Sustainable Development Goals (SDGs) agenda.

5. **Climate Change and Environmental Issues**: In anticipation of the 2015 Paris Climate Conference (COP21), climate change initiatives and environmental sustainability would have been points of interest, with leaders exploring collective actions within the BRICS framework.

6. **Policy Coordination before the G20**: The meeting would have provided an excellent opportunity to consolidate the BRICS countries’ positions on key matters to present a unified approach during the G20 summit proceedings.

7. **Intra-BRICS Collaboration**: Members of the BRICS may have discussed strategies to enhance business and economic cooperation internally, promoting direct trade and investment among themselves.

The informal BRICS meetings like the one in Brisbane reflect the growing recognition of these nations as indispensable to the crafting of global financial and economic policies. These engagements serve to fortify internal cohesion and enable the group to engage more effectively with other influential economies within the G20 and beyond, advocating for a more inclusive and balanced global economic governance system. The 2014 Brisbane meeting further represented a step forward in the shared journey of these nations towards shaping their common future and that of the global community through partnership and dialogue.

brics | ICP

and Cooperation

The Information and Cooperation platform IN4U is a digital hub for BRICS members to collaborate, share information, and promote cooperative initiatives. Stay connected and engaged with the latest developments.


The cooperative

The Cooperative Framework of BRICS by IN4U platform is a dedicated digital space for fostering collaboration and cooperation among inter BRICS government entities and international organizations.

BRICS Collaboration Made Easy: Access info & cooperation tools on IN4U.

This website stores cookies on your computer. Privacy Policy