BRICS

BRICS is an acronym for a group of five major emerging economies: Brazil, Russia, India, China, and South Africa. Formed to promote economic cooperation and political dialogue, BRICS aims to enhance collaboration in areas such as trade, investment, and development. The group represents a significant portion of the world's population and economy, striving to provide a counterbalance to Western influence in global affairs. Through annual summits and cooperation initiatives, BRICS seeks to address common challenges like sustainable development, security, and global governance, fostering a multipolar world.