---
title: "Fortaleza Declaration (2014): BRICS Summit Outcome"
description: "The Fortaleza Declaration is the 2014 BRICS summit communiqué that established the New Development Bank, crucial for global economic cooperation."
url: "https://modeldiplomat.com/learn/glossary/fortaleza-declaration-brics"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The Fortaleza Declaration is the 72-point communiqué adopted by Brazil, Russia, India, China and South Africa at the Sixth BRICS Summit in 2014, which formally launched the New Development Bank.
- What were the two principal institutions created at Fortaleza?
- How was capital divided in the NDB and the CRA?
- How does the Fortaleza Declaration differ from earlier BRICS summit declarations?
- Why is the Fortaleza Declaration relevant to UPSC GS2 preparation?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

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## Timeline

1. 16 July 2014

   The Fortaleza Declaration is the formal outcome document of the Sixth BRICS Summit, held in the Brazilian city of Fortaleza, Ceará, on 14– under the chairman…

2. 15 July 2014

   The bank was constituted through a separate Agreement on the New Development Bank signed at Fortaleza, while the CRA rested on the Treaty for the Establishme…

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At the Sixth BRICS Summit in Fortaleza on 15 July 2014, leaders including India's Narendra Modi and China's Xi Jinping signed the agreements establishing the New Development Bank, headquartered in Shanghai with K. V. Kamath as its first president.

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