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BRICS, South American leaders seek alternative to US influence


The leaders of Brazil, Russia, India, China and South Africa will hold talks in the Brazilian capital with counterparts from Argentina, Chile, Colombia, Ecuador, Venezuela and other Latin American nations.

The gathering follows a BRICS-only summit Monday in the northeastern seaside city of Fortaleza, where the five nations agreed to create a development bank and a crisis reserve fund seen as rivals to Western-dominated financial institutions.

Now Brazilian President Dilma Rousseff will host her BRICS counterparts and her allies in South America for a day of talks in the capital.

"It's an opportunity for Brazil to show that it's not just interested in the BRICS but that it is betting on integration and what benefits the region," said Oliver Stuenkel, foreign relations professor at the Getulio Vargas Foundation.

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