In 2015, this organization created a "Contingent Reserve Agreement" to pool 100 billion dollars in case of a liquidity crisis.
This organization proposed to build a massive undersea cable to connect its members in 2012, an idea which generated discussion after leaks of NSA surveillance. In 2015, this organization created a "Contingent Reserve Agreement" to pool 100 billion dollars in case of a liquidity crisis. At a 2012 summit of this organization, a leader remarked that rich countries were creating a "tsunami" of cash that hurt poor nations. This group was analyzed in a 2003 paper by Dominic Wilson about "Dreaming With [them]: The Path to 2050." The term for them was coined by (*) Jim O'Neill from Goldman Sachs. The 2011 summit of this group of countries on Hainan was the first to include South Africa. For 10 points, name this association of five major developing countries, whose leaders include Michel Temer and Vladimir Putin.
This organization proposed to build a massive undersea cable to connect its members in 2012, an idea which generated discussion after leaks of NSA surveillance.
BRICS [or BRIC, since their history overlaps a bit]