The 2013 BRICS summit was the fifth annual BRICS summit, an international relations conference attended by the head of states or heads of government of the five member states Brazil, Russia, India, China and South Africa.
Amongst the important issues being discussed was the creation of the development bank as a follow-up from the previous summit.
[5] Host President Jacob Zuma said the summit could address South Africa's economic problems, such as high unemployment.
It is an opportunity to move further in our drive to promote economic growth and confront the challenge of poverty, inequality and unemployment that afflicts our country. "
Daniel Twining of the German Marshall Fund said: "Ironically it may be the cleavages within the BRICS grouping that more accurately hint at the future of the global order: tensions between China and Brazil on trade, India on security, and Russia on status highlight the difficulty Beijing will have in staking its claim to global leadership.