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BRICs expansion: With 6 more nations set to join, just what are they buying into?
One key outcome of the 15th Brics summit, hosted by South Africa, is the decision to invite six more countries to join the group with effect from January 2024. They are Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates. All six had applied for membership. The enlargement will grow the association’s membership to 11, and increase its envisaged role as a geopolitical alternative to global institutions dominated by the west. The five current member countries – Brazil, Russia, India, China and South Africa – have argued that their size, in economic and population terms, was not represented ... (full story)
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