A total of 13 countries have now officially applied to join the global economic alliance known as BRICS.
In an interview with TV BRICS, African Ambassador Anil Sooklal says that countries from Africa, Latin America and Asia want to become new members:
“So far, a number of countries (at least 13) from Africa, Latin America and Asia have applied or officially approached BRICS leaders to join our association.
This is positive news for the bloc, as it demonstrates the confidence of the global south in our association’s leadership.”
Sooklal says BRICS, which is reportedly considering launching a global currency backed by gold, is now encouraging members to move away from the US dollar and transact in their own national currencies:
“In general, BRICS as a global association is based on three pillars – political security, economic and financial development, and social interaction between member states.
All three pillars are extremely important for the creation of a global political architecture that is just and equitable, which is a stable and safe environment for all. Economically and financially, we need a stable global financial architecture, a global financial arena. That’s why we say we should trade in our own currency.”
BRICS, which stands for Brazil, Russia, India, China and South Africa, will hold its annual summit in August.
In addition to strengthening economic ties, Sooklal says leaders also plan to discuss sustainable development and green energy initiatives.
In short, the increasing number of countries expressing interest in joining the BRICS alliance is a testament to the global South’s growing confidence in the leadership and influence of the association. With at least 13 countries from Africa, Latin America and Asia signing up or officially reaching out to BRICS leaders, this could bring positive momentum to the bloc. In addition, BRICS encourages its members to move away from the US dollar and transact in their own national currencies, as part of a broader ambition to promote a stable global financial architecture. Economic cooperation, sustainable development and green energy initiatives are expected to be key topics of discussion at the annual summit in August.