The BRICS, who represent around one-fifth of the world's economy, have emerged as a powerful new voice in the world, at least on economic issues, though have shown less ability to coordinate on trickier diplomatic matters like Libya.
Brazilian officials have stated that with the rising influence and economic clout of developing nations, they should also be given a bigger say in institutions such as the International Monetary Fund.
Patriota said the financial crisis battering Europe showed that the emerging world's time was now.
“I think we are experiencing truly tectonic changes when it comes to the configuration of power internationally. These changes were accelerated by the 2008 economic crisis, and now a second wave with the European crisis and its impact on the world economy,” he said.