During the 6th BRICS summit in Fortaleza , Brazil , the BRICS leaders signed a declaration reading : " Brazil , India , China and South Africa convey their appreciation to Russia for its offer to host the Seventh BRICS Summit in 2015 in the city of Ufa and extend their full support to that end . " The summit coincided with the entry into force of constituting agreements of the New Development Bank and the BRICS Contingent Reserve Arrangement and during the summit inaugural meetings of the NDB were held , and it was announced it would be lending in local currency ; and open up membership to non-BRICS countries in the coming months
6th BRICS summit
6th BRICS summit
7th BRICS summit