brics unknown facts : An international organization with no headquarters !

BRICS unknown facts: An international organization with no headquarters !

The term BRIC was coined by Goldman Sachs economist Jim O'Neill in 2001.

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Alternative to IMF and World Bank The New Development Bank (NDB), also known as the BRICS Bank, was set up in 2014.

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BRICS has no permanent headquarters or secretariat.

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Not just economics, it has also introduced innovations in education, science and culture!

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The BRICS countries collectively represent more than 40% of the world's population

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