BOGOTA, Colombia

The leaders of Brazil, Russia, India, China and South Africa gathered in Brazil’s capital Wednesday for the start of the 11th BRICS Summit.

Representing five major emerging economies comprising 42% of the world’s population, the heads of the five nations are expected to hold a closed-door meeting Thursday which will be followed by a business forum.

Brazilian President Jair Bolsonaro is hosting Russian President Vladimir Putin, Chinese President Xi Jinping, South African President Cyril Ramaphosa and Indian Prime Minister Narendra Modi during the two-day summit.

Read more: BRICS to discuss Bolivia, Venezuela, economic climate