Major BRICS Operational Initiatives
It should be noted that initiatives defined under BRICS are not exclusive to the group, and participation is not mandatory for all members. For example, the New Development Bank was established by countries, many of which are not BRICS members, and they joined simply by participating in the bank’s capital investment.
Introduction to Key Initiatives
The following section highlights several of the major initiatives promoted within BRICS. These initiatives cover areas such as financial cooperation, scientific and technological collaboration, and sustainable development projects.
Examples of Initiatives
- BRICS New Development Bank
- Scientific and Technological Cooperation Initiatives
- Environmental and Sustainable Energy Projects
- Educational Programs and Human Capital Development
Complete List of BRICS Proposed and Operational Initiatives
The following 15 initiatives are among the key projects proposed or implemented by BRICS. Participation by member countries is optional:
BRICS New Development Bank
BRICS Contingent Reserve Arrangement
BRICS Business Council
BRICS Women’s Business Alliance
BRICS Business Incubator
BRICS Grain Exchange
BRICS Economic Growth Platform
BRICS Participation in the New Industrial Revolution
BRICS Climate Change Research Platform
BRICS Energy Research Collaboration Platform
BRICS Science, Technology & Innovation Framework Program
BRICS Think Tanks Council
BRICS Financial Think Tanks Council
BRICS Civil Council
BRICS Academic Network
List of proposed and operational BRICS initiatives. Participation in these initiatives is not mandatory for members and includes examples such as the New Development Bank.
