In July 2014 a new step was taken towards constructing a multi-polar world, with the meeting in Brazil of the BRICS, the constitution of a new Bank and of a Fund for Development. This was followed by a joint meeting between the BRICS, UNASUR, the Organization of the South American States and CELAC (the Community of Latin America and the Caribbean).  All this happened without the participation of the Triad (USA, Europe and Japan).