BRICS nations agree to expand developing world bloc

(Reuters) – (JOHANNESBURG) August 23. Several dozen countries have expressed interest in joining the BRICS bloc, which has pledged to advocate for the “Global South,” and on Wednesday, South Africa announced that the leaders of the BRICS bloc of leading developing countries had agreed on mechanisms for considering new members.

At a time when geopolitical polarisation is prompting efforts by Beijing and Moscow to forge it into a viable counterweight to the West, an agreement on expansion could help lend global clout to BRICS — Brazil, Russia, India, China, and South Africa.
Consensus-based decision making is made more difficult by the fact that member countries’ economies range widely in size and their governments often appear to share few foreign policy goals.

 

The most developed country in Africa is South Africa, but China’s economy is more than 40 times larger.

Pandor did not elaborate on the criteria that would be used to evaluate candidates, only saying that an announcement on expansion would be made by the bloc’s leaders before the summit ended on Thursday.
WINNER OF THE WORLD’S DEVELOPING NATIONS

South African officials claim that more than 40 countries are interested in joining BRICS, and 22 have formally asked to be admitted.

 

Candidates from diverse backgrounds, such as Iran and Argentina, have been drawn to BRICS by the organization’s promise to rebalance the global order and level what they see as an unfair playing field.

 

“The world is undergoing major shifts, division and regrouping… it has entered a new period of turbulence and transformation,” said Chinese President Xi Jinping, who has long advocated for the enlargement of the BRICS group.

 

All nations have an inherent right to progress. He told the summit earlier on Wednesday, “It is not a privilege reserved for a few.”

 

Even though it contains roughly 40% of the world’s population and 25% of global GDP, the bloc has long struggled to realise its goal of becoming a major political and economic power.

 

Isolated by the US and EU over its invasion of Ukraine, Russia is eager to demonstrate to Western powers that it still has friends.

 

In contrast, countries like Brazil and India have grown closer to the West.

 

The idea that the bloc should try to compete with the United States and the Group of Seven wealthy economies was shot down by Brazilian President Luiz Inacio Lula da Silva on Tuesday.

 

Westerners are worried about the bloc’s expansion plans and the New Development Bank’s promotion as an alternative to existing multilateral lenders.

 

Werner Hoyer, the head of the European Investment Bank, issued a warning to the West on Wednesday, saying that it risked losing the trust of the “Global South” if it did not immediately increase its own efforts to aid developing nations.

(Reuters) – (JOHANNESBURG) August 23. Several dozen countries have expressed interest in joining the BRICS bloc, which has pledged to advocate for the “Global South,” and on Wednesday, South Africa announced that the leaders of the BRICS bloc of leading developing countries had agreed on mechanisms for considering new members.

At a time when geopolitical polarisation is prompting efforts by Beijing and Moscow to forge it into a viable counterweight to the West, an agreement on expansion could help lend global clout to BRICS — Brazil, Russia, India, China, and South Africa.
Consensus-based decision making is made more difficult by the fact that member countries’ economies range widely in size and their governments often appear to share few foreign policy goals.

 

The most developed country in Africa is South Africa, but China’s economy is more than 40 times larger.

Pandor did not elaborate on the criteria that would be used to evaluate candidates, only saying that an announcement on expansion would be made by the bloc’s leaders before the summit ended on Thursday.
WINNER OF THE WORLD’S DEVELOPING NATIONS

South African officials claim that more than 40 countries are interested in joining BRICS, and 22 have formally asked to be admitted.

 

Candidates from diverse backgrounds, such as Iran and Argentina, have been drawn to BRICS by the organization’s promise to rebalance the global order and level what they see as an unfair playing field.

 

“The world is undergoing major shifts, division and regrouping… it has entered a new period of turbulence and transformation,” said Chinese President Xi Jinping, who has long advocated for the enlargement of the BRICS group.

 

All nations have an inherent right to progress. He told the summit earlier on Wednesday, “It is not a privilege reserved for a few.”

 

Even though it contains roughly 40% of the world’s population and 25% of global GDP, the bloc has long struggled to realise its goal of becoming a major political and economic power.

 

Isolated by the US and EU over its invasion of Ukraine, Russia is eager to demonstrate to Western powers that it still has friends.

 

In contrast, countries like Brazil and India have grown closer to the West.

 

The idea that the bloc should try to compete with the United States and the Group of Seven wealthy economies was shot down by Brazilian President Luiz Inacio Lula da Silva on Tuesday.

 

Westerners are worried about the bloc’s expansion plans and the New Development Bank’s promotion as an alternative to existing multilateral lenders.

 

Werner Hoyer, the head of the European Investment Bank, issued a warning to the West on Wednesday, saying that it risked losing the trust of the “Global South” if it did not immediately increase its own efforts to aid developing nations.

(Reuters) – (JOHANNESBURG) August 23. Several dozen countries have expressed interest in joining the BRICS bloc, which has pledged to advocate for the “Global South,” and on Wednesday, South Africa announced that the leaders of the BRICS bloc of leading developing countries had agreed on mechanisms for considering new members.

At a time when geopolitical polarisation is prompting efforts by Beijing and Moscow to forge it into a viable counterweight to the West, an agreement on expansion could help lend global clout to BRICS — Brazil, Russia, India, China, and South Africa.
Consensus-based decision making is made more difficult by the fact that member countries’ economies range widely in size and their governments often appear to share few foreign policy goals.

 

The most developed country in Africa is South Africa, but China’s economy is more than 40 times larger.

Pandor did not elaborate on the criteria that would be used to evaluate candidates, only saying that an announcement on expansion would be made by the bloc’s leaders before the summit ended on Thursday.
WINNER OF THE WORLD’S DEVELOPING NATIONS

South African officials claim that more than 40 countries are interested in joining BRICS, and 22 have formally asked to be admitted.

 

Candidates from diverse backgrounds, such as Iran and Argentina, have been drawn to BRICS by the organization’s promise to rebalance the global order and level what they see as an unfair playing field.

 

“The world is undergoing major shifts, division and regrouping… it has entered a new period of turbulence and transformation,” said Chinese President Xi Jinping, who has long advocated for the enlargement of the BRICS group.

 

All nations have an inherent right to progress. He told the summit earlier on Wednesday, “It is not a privilege reserved for a few.”

 

Even though it contains roughly 40% of the world’s population and 25% of global GDP, the bloc has long struggled to realise its goal of becoming a major political and economic power.

 

Isolated by the US and EU over its invasion of Ukraine, Russia is eager to demonstrate to Western powers that it still has friends.

 

In contrast, countries like Brazil and India have grown closer to the West.

 

The idea that the bloc should try to compete with the United States and the Group of Seven wealthy economies was shot down by Brazilian President Luiz Inacio Lula da Silva on Tuesday.

 

Westerners are worried about the bloc’s expansion plans and the New Development Bank’s promotion as an alternative to existing multilateral lenders.

 

Werner Hoyer, the head of the European Investment Bank, issued a warning to the West on Wednesday, saying that it risked losing the trust of the “Global South” if it did not immediately increase its own efforts to aid developing nations.

(Reuters) – (JOHANNESBURG) August 23. Several dozen countries have expressed interest in joining the BRICS bloc, which has pledged to advocate for the “Global South,” and on Wednesday, South Africa announced that the leaders of the BRICS bloc of leading developing countries had agreed on mechanisms for considering new members.

At a time when geopolitical polarisation is prompting efforts by Beijing and Moscow to forge it into a viable counterweight to the West, an agreement on expansion could help lend global clout to BRICS — Brazil, Russia, India, China, and South Africa.
Consensus-based decision making is made more difficult by the fact that member countries’ economies range widely in size and their governments often appear to share few foreign policy goals.

 

The most developed country in Africa is South Africa, but China’s economy is more than 40 times larger.

Pandor did not elaborate on the criteria that would be used to evaluate candidates, only saying that an announcement on expansion would be made by the bloc’s leaders before the summit ended on Thursday.
WINNER OF THE WORLD’S DEVELOPING NATIONS

South African officials claim that more than 40 countries are interested in joining BRICS, and 22 have formally asked to be admitted.

 

Candidates from diverse backgrounds, such as Iran and Argentina, have been drawn to BRICS by the organization’s promise to rebalance the global order and level what they see as an unfair playing field.

 

“The world is undergoing major shifts, division and regrouping… it has entered a new period of turbulence and transformation,” said Chinese President Xi Jinping, who has long advocated for the enlargement of the BRICS group.

 

All nations have an inherent right to progress. He told the summit earlier on Wednesday, “It is not a privilege reserved for a few.”

 

Even though it contains roughly 40% of the world’s population and 25% of global GDP, the bloc has long struggled to realise its goal of becoming a major political and economic power.

 

Isolated by the US and EU over its invasion of Ukraine, Russia is eager to demonstrate to Western powers that it still has friends.

 

In contrast, countries like Brazil and India have grown closer to the West.

 

The idea that the bloc should try to compete with the United States and the Group of Seven wealthy economies was shot down by Brazilian President Luiz Inacio Lula da Silva on Tuesday.

 

Westerners are worried about the bloc’s expansion plans and the New Development Bank’s promotion as an alternative to existing multilateral lenders.

 

Werner Hoyer, the head of the European Investment Bank, issued a warning to the West on Wednesday, saying that it risked losing the trust of the “Global South” if it did not immediately increase its own efforts to aid developing nations.

(Reuters) – (JOHANNESBURG) August 23. Several dozen countries have expressed interest in joining the BRICS bloc, which has pledged to advocate for the “Global South,” and on Wednesday, South Africa announced that the leaders of the BRICS bloc of leading developing countries had agreed on mechanisms for considering new members.

At a time when geopolitical polarisation is prompting efforts by Beijing and Moscow to forge it into a viable counterweight to the West, an agreement on expansion could help lend global clout to BRICS — Brazil, Russia, India, China, and South Africa.
Consensus-based decision making is made more difficult by the fact that member countries’ economies range widely in size and their governments often appear to share few foreign policy goals.

 

The most developed country in Africa is South Africa, but China’s economy is more than 40 times larger.

Pandor did not elaborate on the criteria that would be used to evaluate candidates, only saying that an announcement on expansion would be made by the bloc’s leaders before the summit ended on Thursday.
WINNER OF THE WORLD’S DEVELOPING NATIONS

South African officials claim that more than 40 countries are interested in joining BRICS, and 22 have formally asked to be admitted.

 

Candidates from diverse backgrounds, such as Iran and Argentina, have been drawn to BRICS by the organization’s promise to rebalance the global order and level what they see as an unfair playing field.

 

“The world is undergoing major shifts, division and regrouping… it has entered a new period of turbulence and transformation,” said Chinese President Xi Jinping, who has long advocated for the enlargement of the BRICS group.

 

All nations have an inherent right to progress. He told the summit earlier on Wednesday, “It is not a privilege reserved for a few.”

 

Even though it contains roughly 40% of the world’s population and 25% of global GDP, the bloc has long struggled to realise its goal of becoming a major political and economic power.

 

Isolated by the US and EU over its invasion of Ukraine, Russia is eager to demonstrate to Western powers that it still has friends.

 

In contrast, countries like Brazil and India have grown closer to the West.

 

The idea that the bloc should try to compete with the United States and the Group of Seven wealthy economies was shot down by Brazilian President Luiz Inacio Lula da Silva on Tuesday.

 

Westerners are worried about the bloc’s expansion plans and the New Development Bank’s promotion as an alternative to existing multilateral lenders.

 

Werner Hoyer, the head of the European Investment Bank, issued a warning to the West on Wednesday, saying that it risked losing the trust of the “Global South” if it did not immediately increase its own efforts to aid developing nations.