The ‘Fortaleza Declaration’, recently in the news, is related to the affairs of
ASEAN
BRICS
OECD
WTO
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This question was previously asked in
UPSC IAS – 2015
The Fortaleza Declaration was the outcome document of the 6th BRICS summit held in Fortaleza, Brazil, in July 2014. A key achievement of this summit, as articulated in the Declaration, was the decision to establish the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA).