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Home Questions & Answers General Knowledge Question Answers Which one of the following was not an outcome of fifth BRICS summit held in Durban in South Africa in March 2013?

    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