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The World must unite as one to decisively confront global challenges. Corrective action must begin with the reform of institutions of global governance. This has been on the BRICS agenda since its inception
Tuesday, April 23, 2024
What Is the Deal with Serbia and the BRICS Bunch?
Serbia is showing interest in joining the BRICS bloc, which is actively expanding and welcoming new members focused on de-dollarization
Times are tough for the US dollar. Once a symbol of stability and a pillar of the global economy, it now faces a gradual erosion of its supremacy. Amid fluctuating monetary policies and geopolitical tensions, the foundations of its dominance are being questioned. Like the BRICS, many countries are abandoning the US dollar for various reasons
Akabueze expressed that when several countries were invited to join BRICS but Nigeria was not, "it raised a lot of eyebrows"
New Delhi demands Washington to stop interfering in its internal affairs.
It remains unclear whether a new round of BRICS enlargement will occur or not. Should this happen, the BRICS leaders would utilize their own criteria, which are not public. It is likely that a decision will be reached by consensus, implying that the interests of all BRICS members would be considered, writes Valdai Club Programme Director Oleg Barabanov
Four countries recently joined the economic bloc, and the door has been left open for further additions
With Russia taking the lead, the BRICS bloc is talking about creating a new payment system that isn’t controlled by the United States and that is not dependent on the dollar