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BRICS marching ahead (Opinion)

BRICS marching ahead (Opinion)

New Delhi, Aug 28, The 15th summit of the BRICS bloc comprising Brazil, Russia, India, China and South Africa, was held in Johannesburg, and majorly focussed on two issues; first, admitting new members to the five-nation organisation and boosting trade using the local currency of the member nations. Reportedly, encouraged by BRICS success on the economic and geopolitical fronts, a growing number of countries in the Global South consider it as an attractive agent of multilateralism. More than 40 nations, including Algeria, Egypt, Thailand, and the United Arab Emirates, as well as key G20 countries such as Argentina, Indonesia, Mexico,…
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Six nations to join BRICS grouping from Jan 1, 2024

Six nations to join BRICS grouping from Jan 1, 2024

New Delhi, Aug 24, The BRICS grouping on Thursday announced that six nations -- Egypt, Ethiopia, Iran, Argentina, the UAE and Saudi Arabia -- will be included as full time members. South Africa president Cyril Ramaphosa announced this at the BRICS summit. The membership will be effective from January 1, 2024. "We have consensus on the first phase of this BRICS expansion process," Ramaphosa told reporters in Johannesburg. These six nations will join Brazil, Russia, India, China and South Africa. Speaking immediately after Ramaphosa's announcement, Prime Minister Narendra Modi, who is in Johannesburg to attend the BRICS Summit, welcomed all…
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