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The Bank will have its headquarters in Shanghai, China.
In a meeting with Putin in Sochi earlier last month, FIFA chief Sepp Blatter had slammed critics of Russia.
Zuma’s visit comes close at the heels of a diplomatic row that saw Nigeria recalling its envoys in Pretoria to protest attacks against African immigrants in South Africa.
Seven FIFA executives were arrested by Zurich police after a raid at a luxury hotel.
The increase reversed the 0.4 per cent dip in March.
Putin said security issues are firmly on the agenda of BRICS cooperation.
The troubled mining sector grew by an annualized 10.2 per cent in Q1 2015 and was a main contributor to GDP growth rate during the period.
Western countries have pulled out more than $3.5 trillion over the last 10 years.
The PLA Navy will shift focus to "offshore waters defense [and] open seas protection", said the document released on Tuesday.
The two allies criticised the unilateral actions of the US in many parts of the world.
