Brazilian president ‘very satisfied’ with BRICS summit

Durban, March 28 (IANS) Brazil President Dilma Rousseff said she was “very satisfied” with agreements reached at the Fifth BRICS Summit that has just concluded here.

“I am very satisfied with the decisions, which can help strengthen BRICS and consolidate its role in the global landscape,” Xinhua quoted her as telling the media late Wednesday.
BRICS groups Brazil, Russia, India, China and South Africa.
Rousseff said the meeting represents a new, important step toward the consolidation of the BRICS group of emerging economies that hopes to play an increasingly significant role in global decision-making.
The president was especially pleased with progress toward the creation of the BRICS Development Bank.
At the two-day summit, the leaders agreed to set up the development bank and to prepare for the establishment of the Contingent Reserve Arrangement among BRICS members.
The president also said BRICS must broaden cooperation in defense and fight against organized crime and drug trafficking.