The first meeting of BRICS Economic/Finance Ministers was held in November 2008 in Sao Paolo, Brazil for consultations in the wake of the global economic and financial crisis. BRICS Economic/Finance Ministers have been meeting regularly on the sidelines of G20 meetings and IMF/WB annual meetings; the last meeting was hosted by India on 22 September 2011 on the sidelines of G20 meetings and IMF / WB annual meetings in Washington DC.