← 15 September 2026's Current Affairs · International Relations GS-2 Prelims ★★★★☆ Mains ★★★★★
18th BRICS Summit adopts the New Delhi Declaration
Why in News?
BRICS just adopted a New Delhi declaration, but its development bank sits in Shanghai
The 18th BRICS Summit adopted the New Delhi Declaration, with leaders reaffirming cooperation on trade, finance and multilateral reform.
Why it matters: GS-2 core; factual, Prelims-type
What you need to know
2 min read
Leaders of the BRICS grouping met for the 18th BRICS Summit and adopted the New Delhi Declaration, reaffirming cooperation on trade, finance and multilateral reform.
BRICS was founded by Brazil, Russia, India, China and South Africa, and has since added new members.
The bloc's New Development Bank (NDB) finances infrastructure and sustainable development projects in member and partner countries.
Sources: The Hindu · Topper IAS editorial
Key facts
Remember these
- The 18th BRICS Summit adopted the New Delhi Declaration
- BRICS was founded by Brazil, Russia, India, China and South Africa
- The bloc has since admitted new member countries beyond the founding five
- The New Development Bank (NDB) is headquartered in Shanghai, China
- NDB finances infrastructure and sustainable development projects in member and partner countries
Prelims · Mains
How the exam will ask it
Prelims
- The New Delhi Declaration was adopted at the 18th BRICS Summit.
- The New Development Bank (NDB) is headquartered in Shanghai, China.
- BRICS was originally formed by Brazil, Russia, India, China and South Africa.
- BRICS has expanded its membership beyond the five founding countries.
Mains
Relevant to GS Paper 2 - International Relations and International Institutions. The issue of reforming global economic governance is addressed through the New Delhi Declaration's commitments on trade, finance and multilateral reform, with the NDB serving as a concrete instrument for South-South development financing; going forward, coherence among an expanding BRICS membership will determine how effectively the bloc can push for reformed multilateral institutions.
Quick recall
Answer before you reveal
The New Development Bank (NDB), set up by the BRICS grouping to fund infrastructure and sustainable development projects, is headquartered in which city?
- Shanghai
- New Delhi
- Moscow
- Johannesburg
Show answer
Answer: A — The New Development Bank, established by the BRICS countries, is headquartered in Shanghai, China.
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