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Updated:Apr 23, 2026
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BRICS: Formation and Global Economic Influence (2001–2015)

BRICS: Formation and Global Economic Influence (2001–2015)

  1. Goldman Sachs coins the term “BRIC”

    Labels: Goldman Sachs, Jim O
  2. BRIC foreign ministers begin formal coordination

    Labels: BRIC foreign
  3. BRIC leaders hold first informal meeting

    Labels: BRIC leaders, G8 Toyako
  4. First BRIC leaders’ summit convenes in Russia

    Labels: Yekaterinburg summit, BRIC leaders
  5. South Africa invited to join, forming “BRICS”

    Labels: South Africa, BRICS expansion
  6. First BRICS summit with South Africa in Sanya

    Labels: Sanya summit, BRICS leaders
  7. New Delhi summit launches development bank proposal

    Labels: New Delhi, BRICS development
  8. Durban summit advances BRICS institution-building

    Labels: Durban summit, BRICS and
  9. Fortaleza summit establishes NDB and CRA

    Labels: Fortaleza summit, New Development
  10. NDB launches as an operating multilateral bank

    Labels: New Development, multilateral bank
  11. Goldman Sachs closes its dedicated BRIC fund

    Labels: Goldman Sachs, BRIC fund