Where is the headquarter of BRICS?

The BRICS countries have established a variety of cooperative projects and institutions, such as the BRICS Business Council and the New Development Bank, to promote economic cooperation and development among themselves (formerly known as the BRICS Development Bank). Additionally, they participate in annual conferences where they coordinate their positions on critical international problems like trade, climate change, and international security.

Although the BRICS countries have many characteristics, such as large populations and rapid economic growth, they also face unique challenges and have distinct political and cultural histories. As a result, cooperation among the BRICS nations can be difficult, but their combined power is visible, and their influence in both the political and economic realms is likely to grow in the coming years.

BRICS Headquarters
The headquarters of the BRICS institutions are located in different member countries, as follows:

  1. New Development Bank (NDB): The NDB, formerly known as the BRICS Development Bank, is headquartered in Shanghai, China.
  2. Contingent Reserve Arrangement (CRA): The CRA is a financial safety net that was established by the BRICS countries to provide short-term liquidity support to each other. The CRA is headquartered in Moscow, Russia.
  3. BRICS Business Council: The BRICS Business Council is a mechanism for promoting trade and investment among the BRICS countries. The council’s headquarters are located in Johannesburg, South Africa.
  4. The BRICS Academic Forum: It is a network of universities and research organisations dedicated to promoting academic cooperation among the BRICS countries. The forum is presided over by a rotating president, with each member country hosting the meeting during its tenure.

It is crucial to note that, in addition to the projects and organizations listed above, the BRICS countries have various other initiatives and institutions whose headquarters may be located in different member countries or overseas locations.