6th BRIC summit Brazil

BRICS is the acronym for an association of five major emerging national economies Brazil, Russia, India, China, and South Africa.The grouping was originally known as BRIC before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs all five are G20 members. As of 2013, the five BRICS countries represent almost 3 billion people with a combined nominal GDP of US$16.039 trillion and an estimated US$4 trillion in combined foreign reserves.As of 2014, the BRICS nations represented 18 percent of the world economy.The Sixth BRICS (Brazil, Russia, India, China and South Africa) summit, where the five countries will sign off on a rival to the World Bank, officially starts on Monday in Fortaleza, Brazil, but Russian President Vladimir Putin and his South African counterpart Jacob Zuma have already arrived in the country to watch the 2014 FIFA Soccer World Cup final between Argentina and Germany in Rio de Janerio on Sunday evening. Putin is attending the final World Cup match in a ceremonial handover of host duties for soccers marquee tournament, which takes place in Russia in 2018.Leaders of the five BRICS nations fueling global economic growth will discuss strengthening ties within the bloc and rallying emerging economies to play a greater role in world affairs, economic and political.The theme of the 2014 summit is inclusive growth: sustainable solutions. According to Brazilian Ambassador Gra