Question

What would be a key agenda for BRICS (Brazil, Russia, India, China, South Africa) summit during this period (Apr-Jun 2025)?

  1. Joint military exercises and defense cooperation
  2. Reforming international financial institutions
  3. Promoting western democratic values
  4. Establishing a common currency

Answer:

Option B: Reforming international financial institutions

Detailed Solution:

The correct answer is “Reforming international financial institutions”.

Reforming international financial institutions like the IMF and World Bank to better reflect the economic realities of emerging economies has been a long-standing goal of BRICS.