The main recommendation from the Forum was the establishment of financial institutions such as a Development Bank and an Investment Fund that can assist in the development of BRICS and other developing countries.
4th BRICS Academic Forum Recommendations
The 4th BRICS Academic Forum meeting, hosted by the Observer Research Foundation in New Delhi from the 4-6 March 2012, comprised of experts and scholars from the research and academic institutions of Brazil, Russia, India, China and South Africa.
The main purpose of the Forum was to deliberate on issues of common interest related to the theme: Stability, Security and Growth. The discussions were based on finding common aspirations of BRICS for strengthening progressive development trajectories and seeking transformations for optimal representation and participation in matters of global political, economic and financial governance. Sovereignity and International law were seen as the fundamental principles for BRICS members in world affairs and identified as prerequisites for ensuring stability, security and growth. The imperative of economic growth, it was argued, cannot be substituted, and the Forum believes that BRICS must continue to create synergies for enhancing this growth through greater engagement with one another as well as with the rest of the world.
Against this backdrop the Forum discussed concrete agendas for articulating a set of recommendations to 4th BRICS Summit, hosted by India from the 28th-29th March 2012.
For additional information on the the Forum see: