The book provides an assessment of the first 12 years of BRICS cooperation from 2008 to 2020 focusing on international financial governance issues and especially on the new financing mechanisms created by the BRICS the BRICS monetary fund and the development bank. It is shown that Brazil Russia India and China joined later by South Africa share common traits that led them to cooperate in the reform of the existing international financial architecture especially the G20 and the IMF. After 2012 in