THE BRICS countries have transformed since the turn of the 21st century from a group of emerging markets to a substantive cooperative mechanism of developing economies with growing global influence.Brazil is host of the fi rst Summit of the second cycle of BRICS Summits–the Sixth BRICS Summit–in mid-July.The event denotes the maturity of this cooperative mechanism.Expectations among the fi ve participating countries signify the group’s remarkable progress as regards pragmatic cooperation.Since 2013,when the Durban Summit decided to establish the BRICS Development Bank,the program has steadily progressed with support from all member countries.Preparatory work has been completed,so paving the way for the Brazil summit which will consolidate the BRICS mechanism and strengthen BRICS international development and cooperation.
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