BRICS is an acronym for a group of five major emerging economies: Brazil, Russia, India, China, and South Africa. Established in 2009, the group aims to promote peace, security, and development in the member countries and globally. They collaborate on various issues, including trade, investment, and sustainable development. The BRICS nations hold annual summits to discuss economic cooperation and political alignment. Together, they represent a significant portion of the world's population and economic output, making them influential players in global affairs. The group seeks to reform international financial institutions to better reflect the interests of emerging economies.