The ‘Fortaleza Declaration’ recently in the news, is related to the affairs of

The correct option/answer is BRICS.

The Fortaleza Declaration was a major joint declaration adopted at the 6th BRICS Summit in Fortaleza, Brazil, on July 15, 2014. BRICS is an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa.

During this summit, the BRICS nations signed the agreement establishing the New Development Bank (NDB), formerly referred to as the BRICS Development Bank, as well as the Contingent Reserve Arrangement (CRA). These institutions were designed to foster greater financial and development cooperation among the member nations, making the Fortaleza Declaration a landmark event in the affairs of BRICS.