PM Modi in Brazil for mega BRICS summit

Prime Minister Narendra Modi left for Brazil Sunday to attend the sixth Brics summit that starts on July 15. This will be his first multi-lateral engagement with world leaders.

Before his departure, Modi said he was looking forward to holding discussions to deepen intra-Brics economic cooperation and advance global economic stability and prosperity — with greater Indian engagement.

The summit is widely expected to announce the creation of a new development bank and a reserve fund to fend off currency crisis.
"I look forward to the successful conclusion of major Brics initiatives like the new development bank and the contingent reserve fund, which have seen significant progress since their launch in New Delhi in 2012," the PM said.


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