Plans are also in progress for the establishment of a Brics contingency reserve arrangement, to help any of the grouping’s members if they are hit by a sudden loss of foreign capital.

The five members of the group – Brazil, Russia, India, China and South Africa – announced the plans in a declaration released following the sixth Brics summit in Fortaleza, Brazil.

Available: http://www.southafrica.info/global/brics/brics-160714.htm#.U8deRkDjqLk