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7 July 2015

BRICS Finance Ministers and Central Bank Governors’ Meeting, Meeting of the Board of Governors of the BRICS New Development Bank

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On July, 7 two parallel BRICS events took place in Moscow: The first meeting of the BRICS New Development Bank Board of Governors and the meeting of the BRICS Trade Ministers.

“Proxy Centre” company has been responsible for organization support of the meetings. Our specialists set up and branded the meeting venue halls, installed Accreditation and Information desks, where participants were able to get all the necessary information about the event.  Liaison Officers provided administrative and logistics support, they were meeting the delegations in the airports, staying in touch during the meetings and accompanied participants on the way back to the airports. Transportation department secured transfer services for the participants, while the Heads of Delegations were assigned with chauffeured company cars.

The central banks of Brazil, Russia, India, China and South Africa have signed an operating agreement on mutual support as part of the BRICS Contingent Reserve Arrangement (CRA).The CRA is a framework for the central banks of the BRICS countries to provide mutual support (monetary funds in US dollars) in the event that national financial systems encounter dollar liquidity problems. Its purpose is to maintain financial stability in the BRICS countries.