Brazil's President Dilma Rousseff and Russia's Vladimir Putin have discussed the creation of a development bank to promote growth in Brazil, India, China, Russia and South Africa.
Rousseff received Putin in the presidential palace in Brasilia today, a day before leaders of the five emerging BRICS nations meet in the northeastern city of Fortaleza.
Rousseff told reporters the bank would top the summit's agenda, adding she hoped the event would produce an agreement on the proposed institution.
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Brazil and Russia also signed bilateral accords on air defense, gas and education.