Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in July, the current chair Brazil announced Saturday.
Other members of the trading bloc include Russia, India, China and South Africa and others.
Brazilian Foreign Minister Mauro Vieira said on the social media platform X that the summit will be held July 6-7 and feature leaders of 20 countries with full or associate status in the bloc.
At this meeting "we will make very important decisions for the development of all these countries, for cooperation and for improving the living conditions of all their inhabitants," Vieira said.
US President Donald Trump has threatened to impose 100 percent tariffs on the BRICS countries if they undercut the US dollar.
At a BRICS summit in October in Russia, the member countries discussed boosting non-dollar transactions and strengthening local currencies.
He said Brazil's priorities for the bloc include "developing means of payment".
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