BEIJING Authentic Scooter Gennett Jersey , Aug. 22 (Xinhua) -- More than a decade after its establishment, BRICS, grouping five major developing countries from four continents, is recognized by international experts as an irreplaceable force in global governance.


Thanks to close cooperation and coordination between Brazil, Russia, India, China and South Africa Authentic Barry Larkin Jersey , BRICS has achieved fruitful results that not only benefit the five member countries, but also contribute to safeguarding the interests of developing countries as a whole and improving the global governance system, according to experts.


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BRICS countries have created a new paradigm for mutual benefit cooperation among emerging and developing economies since the mechanism was established in 2006.


BRICS has been hailed as an ""accelerator"" in the transformation of the global economic governance system. The member countries have managed to increase their say in major international financial institutions and have been steadily boosting the reform of those institutions.


One of the major achievements of the BRICS mechanism is that it has helped increase the representation and say of developing countries in the International Monetary Fund (IMF) and the World Bank in recent years, experts pointed out.


Evandro Carvalho, director of the Center for Chinese Studies at the Brazilian college Getulio Vargas Foundation, said BRICS countries have become a significant part in making global economic rules.


BRICS countries have demonstrated their vigor and vitality by championing an open and multilateral world order against a growing tide of protectionism from Western countries and the many challenges on the road of global economic recovery, he said.


Meanwhile Authentic Joe Morgan Jersey , BRICS countries have established an all-dimensional cooperative dialogue mechanism covering various fields to coordinate their standings and voices on major global and regional affairs.


BRICS countries are heard speaking one voice on many global occasions. Liu Jieyi, China's permanent representative to the United Nations (UN), spoke on behalf of all BRICS countries on April 18 at a high-level political forum on sustainable development, marking the first time the five members spoke one voice on major international affairs at a U.N. meeting.


It is also worth noticing that the establishment of the BRICS New Development Bank has not only boosted the common development of the five member countries, but has also injected fresh driving force into the mechanism's leading role in South-South Cooperation.


Referring to the establishment of the bank as a significant event in the development of BRICS, Carvalho said the bank has played a role in enlarging the influence of the five-member mechanism.


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