2023-08-24 19:40:39
Par Caroline Dumay
Posted 2 hours ago, Updated 2 hours ago
Brazilian President Luiz Inacio Lula da Silva, Chinese President Xi Jinping, South African President Cyril Ramaphosa, Indian Prime Minister Narendra Modi and Russian Foreign Minister Sergei Lavrov during the 15th BRICS summit in Johannesburg, South Africa ) on August 24. PHILL MAGAKOE/AFP
DECRYPTION – Including Saudi Arabia and Iran, the club will now weigh a third of the world economy.
In Johannesburg
Delegates from the Brics (Brazil, Russia, India, China and South Africa) promised behind the scenes to “upset the world order”. They kept their word and the 15th summit of so-called emerging countries will go down in history. The heads of state and government of this “Club of Five” parted ways on Thursday inviting six other countries to join them from January 2024: Saudi Arabia, United Arab Emirates, Iran, Argentina , Egypt and Ethiopia. With this enlargement, the Brics will represent from January 2024 more than 35% of the world’s GDP and nearly 50% of the population of the planet.
“The BRICS need the participation of major oil-producing countries. This allows them to be more credible, and to engage the debate on a single currency”, points out William Gumede, professor at the University of Wits, in Johannesburg. The membership of Saudi Arabia, the United Arab Emirates and Iran could indeed be a game-changer for a group whose members…
This article is for subscribers only. You have 80% left to discover.
Want to read more?
Unlock all items immediately.
Already subscribed? Login
#members #Brics #change #dimension