Leaders from the five BRICS countries adopted the Sanya Declaration at the Third BRICS Summit in Sanya on April 14. The declaration included:

- A welcome for South Africa as it became the fifth member nation. The group now looks forward to strengthening dialogue and cooperation with South Africa within the forum

- Vows to strengthen BRICS cooperation as well as promote coordination on international and regional issues

- Continued reinforcement of the BRICS partnership for common development and non-confrontational cooperation reflecting the principles of openness, solidarity and mutual assistance

- Appeals to strengthen global economic governance, promote democracy in international relations, and enhance the voice of emerging and developing countries in international affairs

- Reaffirmations of the need for a comprehensive reform of the UN, including its Security Council, to make it more effective, efficient and representative

- Condemning terrorism and stressing there can be no justification, whatsoever, for any acts of terrorism

- Calls for major economies to enhance coordination of their macroeconomic policies and work together to achieve - strong, sustainable and balanced growth

- Support for reforming the international monetary system with a broad-based international reserve currency system. BRICS welcomes discussions about the role of Special Drawing Rights (SDR) in the existing international monetary system including the composition of the SDR basket of currencies

(Source: Ministry of Foreign Affairs)