Answer: Kazan, Russia
Notes: The 16th annual BRICS summit took place in Kazan, Russia, from October 22 to 24, 2024. BRICS originally included Brazil, Russia, India, China, and South Africa. In 2024, BRICS admitted four new members: Egypt, Ethiopia, Iran, and the UAE. BRICS now represents nearly half of the world’s population and a quarter of the global economy. The group acts as a counterbalance to institutions like the World Bank and IMF, dominated by Western countries. The term "BRIC" was first used in a 2001 Goldman Sachs paper predicting their rise among the world's largest economies.
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