Question 35 from UPSC CSE 2015 - Current Affairs

Question

The 'Fortaleza Declaration', recently in the news, is related to the affairs of

IASCODEX · Accepted Answer

Correct Option: B. BRICS

Strategy: The unique keyword 'Fortaleza Declaration' guides the recall towards major multilateral summits. The name points to Fortaleza, Brazil—a host city for the 2014 BRICS Summit. By matching the site with the entity active that year, BRICS stands out, allowing confident selection over ASEAN, OECD, or WTO.

Key Info: The Fortaleza Declaration was adopted at the 6th BRICS Summit in Fortaleza, Brazil, in July 2014. BRICS is a grouping of Brazil, Russia, India, China, and South Africa that focuses on multipolarity, development, and global governance reforms.

The declaration articulated cooperation in political, economic, and security domains and emphasized reforming institutions like the UN, IMF, and World Bank. It has no association with ASEAN, OECD, or the WTO.

**Key outcomes and context from the 2014 summit:**
- Creation of the New Development Bank (NDB) to provide financial support among members.
- Establishment of the Contingent Reserve Arrangement (CRA).
- The New Development Bank is headquartered in Shanghai, China.
- Major BRICS summits commonly issue named declarations, and Brazil has hosted other critical meetings for the group.

IASCODEX · Answer

Option A: ASEAN

IASCODEX · Answer

Option C: OECD

IASCODEX · Answer

Option D: WTO