Which one of the following was not an outcome of fifth BRICS summit held in Durban in South Africa in March 2013?

  • Signing of two agreements on extending credit facility in local currencies and BRICS Multilateral Letter of Credit Confirmation Policy
  • Proclamation of establishment of BRICS-led New Development bank
  • Creation of a safety net through a contingent Reserve Arrangement among BRICS countries
  • Setting up of BRICS business council and BRICS think tank council
Which one of the following was not an outcome of fifth BRICS summit held in Durban in South Africa i
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