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BRICS after the New Delhi summit: consensus on paper, strains within
खबर में क्यों?
Why NDB sits in Shanghai, not New Delhi: the BRICS institution question GS-II international groupings tests
BRICS reached consensus at the New Delhi summit yet faces internal imbalances as it tries to stay relevant in a fragmented world order.
Why it matters: factual, Prelims-type
What you need to know
2 मिनट
The New Delhi summit produced diplomatic consensus among the BRICS members, but the grouping continues to face internal tensions and imbalances in weight among its members.
Its test is to stay relevant in a fragmented world order.
One of its main institutions is the New Development Bank, set up by the group to finance infrastructure and sustainable development.
स्रोत: Topper IAS editorial (PIB / The Hindu / Indian Express)
मुख्य तथ्य
Remember these
- The New Delhi summit produced consensus among BRICS members, but internal tensions and imbalances in weight persist.
- The New Development Bank (NDB) finances infrastructure and sustainable development projects; it is headquartered in Shanghai.
- BRICS originally comprised Brazil, Russia, India, China and South Africa; the group has since expanded its membership.
- The NDB was founded by the BRICS founding members; the agreement establishing it was signed at the 2014 Fortaleza summit.
- The BRICS Contingent Reserve Arrangement is the group's other main financial institution, a liquidity backstop.
प्रीलिम्स · मेन्स
How the exam will ask it
प्रीलिम्स
- The New Development Bank was set up by BRICS to finance infrastructure and sustainable development projects.
- The headquarters of the New Development Bank is in Shanghai, China.
- BRICS is a formal treaty-based organisation with a binding charter and a permanent secretariat. (Incorrect: it is an informal grouping.)
- India is a founding member of both BRICS and the New Development Bank.
मेन्स
GS-II (International Relations): BRICS reached consensus at New Delhi, but members differ widely in economic weight and strategic interests, which strains cohesion in a fragmented world order. Institutions such as the New Development Bank and the Contingent Reserve Arrangement give the group substance beyond summit declarations. The way forward lies in deepening institutional delivery, balancing the influence of larger members, and using the forum to push for reformed multilateralism while protecting India's strategic autonomy.
Quick recall
Answer before you reveal
The New Development Bank, set up by the BRICS grouping to finance infrastructure and sustainable development projects, has its headquarters at:
- Shanghai
- New Delhi
- Johannesburg
- Moscow
उत्तर देखें
उत्तर: A — The correct answer is Shanghai, where the New Development Bank is headquartered.
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