Recently three months training program for journalists has been started by BRICS countries (Brazil, Russia, India, China and South Africa).
This program is an initiative of BRICS Media Forum.
Today Current Affairs
BRICS Media Forum:
In 2015, the forum was set up by media organizations from five countries, including The Hindu (India), Brazil’s CMA Group, Russia’s Sputnik, China’s Xinhua and South Africa’s Independent Media.
The Forum aims to establish an efficient coordination mechanism among BRICS media, advance innovation-driven media development, and strongly accelerate the development of BRICS countries through exchanges and practical cooperation within the Mechanism.
History of BRICS : The Hindu Analysis
BRICS was discussed in 2001 by Goldman Sachs economist Jim O’Neill in a report on the growth prospects for the economies of Brazil, Russia, India and China. In 2006, the four countries began a regular informal diplomatic coordination with annual meetings of foreign ministers at the end of the General Debate of the United Nations General Assembly.
Formal arrangement : The Hindu Analysis
The grouping was formalized during the first meeting of the BRIC Foreign Ministers in 2006.
The first BRIC summit took place in 2009 in Yekaterinburg, Russia and discussed issues like reforms in the global financial system.
In December 2010, South Africa was invited to join the BRIC and came to be known as BRICS.
In March 2011, South Africa participated in the 3rd BRICS summit in Sanya, China for the first time.
Important Initiatives : The Hindu Analysis
During the 6th BRICS Summit in Fortaleza, Brazil in 2014, BRICS leaders signed an agreement to establish a New Development Bank (Headquarters – Shanghai, China).
The BRICS nations also agreed to create a BRICS Contingency Reserve Arrangement (CRA) during the Fortaleza Declaration at the 6th BRICS Summit in 2014.
Importance of BRICS : The Hindu Analysis
Five big nations
The importance of BRICS can be reflected in the fact that it represents:
42% of the world’s population.
30% of the land area.
24% of the global GDP.
16% of international trade.
Coordinator between North and South : The Hindu Analysis
The group tried to act as a bridge between the Global North and the Global South.
General Global Perspective : The Hindu Analysis
BRICS calls for reform of multilateral institutions to reflect structural changes in the world economy and the increasing central role of emerging markets.
Today Current Affairs
Development cooperation:
BRICS has developed a common perspective on many global and regional issues; including the establishment of the New Development Bank (NDB); a financial stability system in the form of a contingency reserve arrangement; and setting up a Vaccine R&D Virtual Center, etc.
In this article we mention all information about BRICS Media Forum Today Current Affairs.
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