>Flod logic at 09:53, 20 April 2021

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{{Infobox summit
| summit_name = 5th BRICS Summit
| other_titles =
| image = 2013 BRICS logo.png
| caption =
| country = [[South Africa]]
| venues = [[Durban International Convention Centre|Durban ICC]]
| cities = [[Durban]]
| date = 26–27 March 2013
| participants = [[BRICS]]
| follows = [[4th BRICS summit]]
| precedes = [[6th BRICS summit]]
| website = {{URL|www.brics5.co.za}}
}}

The '''2013 BRICS summit''' was the fifth annual [[BRICS#Summits|BRICS summit]], an [[international relations]] conference attended by the head of states or heads of government of the five member states [[Brazil]], [[Russia]], [[India]], [[China]] and [[South Africa]]. The summit was held in [[Durban]], South Africa in 2013.<ref>[http://allafrica.com/stories/201210100709.html allAfrica.com: Africa: Reporter's Notebook - All Systems Go for Brics Summit in SA (Page 1 of 2)]</ref> This completed the first round of BRICS summits.

==Background==
A declaration at the end of [[2012 BRICS summit]] read that: "Brazil, Russia, India and China thank South Africa for the proposal to host the 5th summit in 2013. They intend to provide multifaceted support for it."<ref>[http://www.itar-tass.com/en/c154/378346.html ITAR-TASS: Archive - 5th BRICS summit to be held in South Africa in 2013 – declaration]</ref> The BRICS leaders are expected to discuss the establishment of a [[BRICS Development Bank|new development bank]].<ref>Mariam, Isa. [http://www.bdlive.co.za/africa/africanbusiness/2013/03/22/brics-summit-expected-to-establish-development-bank "Brics Summit expected to establish development bank."] ''[[Business Day (South Africa)|Business Day]]''. 22 March 2013</ref> According to [[Mikhail Margelov]] they will seek agreement on the amount of starting capital.<ref>Arkhipov, Ilya. [https://www.bloomberg.com/news/2013-03-18/russia-sees-brics-development-bank-rebuilding-aging-world-finance.html "Russia Sees BRICS Development Bank Rebuilding ‘Aging’ World Finance."] [[Bloomberg L.P.|Bloomberg]]. 18 March 2013.</ref>

==Participants==
China's Xi Jingping made this the first summit of his presidency.<Ref name="aljaz"/>

The [[head of state|heads of state]]/[[head of government|heads of government]] of the five countries that participated in the summit were:
{| class="wikitable"
|-
|colspan="4" style="text-align: center; background:Gainsboro" |'''[[BRICS|Core BRICS members]]''' Host state and leader are shown in bold text.
|- style="background:LightSteelBlue; text-align:center;"
! colspan=2 | Member

! Represented by
! Title
|-
! {{flagicon|BRA}}
| Brazil
| [[Dilma Rousseff]]
| [[President of Brazil|President]]
|-
! {{flagicon|RUS}}
| Russia
| [[Vladimir Putin]]
| [[President of Russia|President]]
|-
! {{flagicon|IND}}
| India
| [[Manmohan Singh]] 
| [[Prime Minister of India|Prime Minister]]
|-
! {{flagicon|CHN}}
| China
| [[Xi Jinping]]
| [[President of the People's Republic of China|President]]
|-
! {{flagicon|RSA}}
| '''South Africa'''
| '''[[Jacob Zuma]]'''
| '''[[President of South Africa|President]]'''
|}

==Gallery of participating leaders==
'''Members: '''
<gallery>
File:Dilma Rousseff - foto oficial 2011-01-09.jpg |'''{{flag|Brazil}}''' [[Dilma Rousseff]], [[President of Brazil|President]]
File:Vladimir Putin - 2006.jpg |'''{{flag|Russia}}''' [[Vladimir Putin]], [[President of Russia|President]]
File:Manmohan Singh 2012-06-18.jpg |'''{{flag|India}}''' [[Manmohan Singh]], [[Prime Minister of India|Prime Minister]]
File:Xi jinping Brazil 2013.png |'''{{flag|China}}''' [[Xi Jinping]], [[President of the People's Republic of China|President]]
File:Jacob Zuma 2014 (cropped).jpg |'''{{flag|South Africa}}''' '''[[Jacob Zuma]], [[President of South Africa|President]] (Host)'''
</gallery>

==Discussions==
The summit commenced on 26 March at 17:30 GMT. Amongst the important issues being discussed was the creation of the [[BRICS Development Bank|development bank]] as a follow up from the previous summit. It sought to create an infrastructure-focused bank. The disputes over the bank were in regards to what it would do and how it would provide an equitable return on the initial investment of about US$100bn.<ref name="aljaz">[http://www.aljazeera.com/news/africa/2013/03/20133268641350653.html BRICS reach deal over development bank - Africa - Al Jazeera English]</ref>

===Reactions===
Host President Jacob Zuma said the summit could address South Africa's economic problems, such as high unemployment. He added: "BRICS provides an opportunity for South Africa to promote its competitiveness. It is an opportunity to move further in our drive to promote economic growth and confront the challenge of poverty, inequality and unemployment that afflicts our country. "

Daniel Twining of the [[German Marshall Fund]] said: "Ironically it may be the cleavages within the BRICS grouping that more accurately hint at the future of the global order: tensions between China and Brazil on trade, India on security, and Russia on status highlight the difficulty Beijing will have in staking its claim to global leadership."<Ref name="aljaz"/> The media suggested the bank was way to bypass the [[IMF]] and the [[World Bank]].<ref>[https://www.bloomberg.com/news/2013-03-25/brics-nations-plan-new-bank-to-bypass-world-bank-imf.html BRICS Nations Plan New Bank to Bypass World Bank, IMF - Bloomberg]</ref>
Despite high hopes for the 2013 summit, BRICS was not as involved as they had planned to be.<ref>{{cite journal|last1=Kirton|first1=John|last2=Kulik|first2=Julia|last3=Bracht|first3=Caroline|title=Generating global health governance through BRICS summitry|journal=Contemporary Politics|date=May 2014|volume=20|issue=2|pages=146–162|doi=10.1080/13569775.2014.907990}}</ref>

==References==
{{reflist|2}}

==External links==
*[http://www.brics5.co.za Official site]
*[http://www.migalhas.com.br/arquivos/2015/6/art20150601-02.pdf The Sino-Brazilian Principles in a Latin American and BRICS Context: The Case for Comparative Public Budgeting Legal Research] ''[[Wisconsin International Law Journal]]'', 13 May 2015

{{BRICS}}

{{DEFAULTSORT:BRICS summit,05}}
[[Category:BRICS summits|05]]
[[Category:2013 conferences]]
[[Category:2013 in international relations]]
[[Category:2013 in South Africa]]
[[Category:21st-century diplomatic conferences]]
[[Category:Diplomatic conferences in South Africa]]
[[Category:History of Durban]]
[[Category:March 2013 events in Africa]]

5th BRICS summit - Revision history

>Flod logic at 09:53, 20 April 2021