Consider the following statements regarding BRICS:1.The Fortaleza Declaration proposed the establishment of the New Development Bank.2.The Johannesburg Declaration proposed the establishment of BRICS Vaccine R&D Centre.3.The New Delhi Declaration led to the signing of the BRICS Contingent Reserve Agreement. Select the correct code from the options given below:

Q. Consider the following statements regarding BRICS:
1.The Fortaleza Declaration proposed the establishment of the New Development Bank.
2.The Johannesburg Declaration proposed the establishment of BRICS Vaccine R&D Centre.
3.The New Delhi Declaration led to the signing of the BRICS Contingent Reserve Agreement.

[A] 1 and 2 only

[B] 1 and 3 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: A

Notes:

During the Sixth BRICS Summit in Fortaleza (Brazil) in 2014, the leaders signed the Agreement establishing the New Development Bank (NDB – Shanghai, China). They also signed the BRICS Contingent Reserve Arrangement to provide short-term liquidity support to the members.

BRICS Vaccine R&D Centre was proposed to be established in the 2018 Johannesburg Declaration. Over the years and especially throughout the pandemic, this process was expedited and finally in the New Delhi Declaration of XIII BRICS Summit, leaders reiterated their commitment towards the early launch of BRICS Vaccine R&D Centre in virtual format.

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS