DSC_0749
Columbia University Professor Jeffrey Sachs on China's historic push for multipolar world to end US domination - DEMOCRACY NOW
www.cryptopolitan.com/brics-new-development-bank-away-fro...
BRICS New Development Bank breaks away from US dollar
▫️The New Development Bank (NDB), established by the BRICS group, is moving away from the US dollar in international trade.
▫️NDB President Dilma Rousseff confirmed that the bank plans to provide 30% of loans in the local currencies of its member nations.
▫️The move aims to reduce dependency on the US dollar and help BRICS countries avoid foreign exchange risks and financial shortages.
www.bloomberg.com/news/articles/2023-04-24/brics-draws-me...
BRICS Draws Membership Bids From 19 Nations Before Summit
▫️Algeria, Egypt, Indonesia have asked to join the group
▫️Foreign ministers from the five BRICS members meet in June
(Bloomberg) -- Nineteen countries expressed an interest in joining the BRICS group of nations as it prepares to hold an annual summit in South Africa.
The emerging-markets bloc of Brazil, Russia, India, China and South Africa will meet in Cape Town on June 2-3 to discuss its enlargement, Anil Sooklal, South Africa’s ambassador to the group, said in an interview in the city on Monday.
“What will be discussed is the expansion of BRICS and the modalities of how this will happen,” he said. “Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day.”
China initiated the conversation about expansion when it was BRICS chair last year, as the world’s second-biggest economy tries to build diplomatic clout to counter the dominance of developed countries in the United Nations. The proposed enlargement triggered concern among other members that their influence will be diluted, especially if Beijing’s close allies are admitted. China’s gross domestic product is more than twice the size of all four other BRICS members combined.
The foreign ministers from the five member states have all confirmed they’ll attend the discussions in June, Sooklal said. In addition to its membership, they will also discuss “hot spots” including Sudan, where a cease-fire appeared to take hold on Tuesday after 10 days of conflict.
Since its formation as the BRIC in 2006, the group has only added one new member — South Africa in 2010.
Saudi Arabia and Iran are among the countries who’ve formally asked to join, Sooklal said in February. Other countries that have expressed interest in joining include Argentina, the United Arab Emirates, Algeria, Egypt, Bahrain and Indonesia, along with two nations from East Africa and one from West Africa — which he didn’t identify.
www.firstpost.com/world/brics-receives-membership-request...
BRICS receives membership requests from 19 countries before annual summit
The foreign ministers of BRICS nations will reportedly attend the discussions on a range of issues including the expansion of the bloc in June.
New Delhi: As the BRICS group of nations are preparing to hold the proposed annual summit in South Africa, nineteen countries have expressed an interest so far in joining the bloc.
The emerging markets bloc of BRICS nations will meet in Cape Town on June 2-3 to discuss its expansion, Anil Sooklal, South Africa’s ambassador to the group, said in an interview on Monday.
The group has only admitted only a single member of South Africa in 2010 since its formation as the BRIC in 2006.
“What will be discussed is the expansion of BRICS and the modalities of how this will happen. Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day,” Bloomberg quoted him as saying.
The foreign ministers from the five member states have all confirmed they will attend the discussions in June, Sooklal said.
The BRICS, which represents around one-fifth of the world’s economy, has emerged as a powerful new voice in the world. At present, the five members of BRICS contribute 16 per cent to world trade and around 24 per cent to global GDP.
The potential expansion of the bloc cannot be ruled out considering the systemic competition between the United States and China and the frequently changing scenario of world politics, experts said, adding that the demand to join the group will expand further as the great powers, as well as small powers, would seek alliances to secure their strategic interests amid growing tensions with the US over the Russia-Ukraine crisis.
In February this year, South Africa’s foreign minister Naledi Pandor said many countries across the globe are showing interest in joining the BRICS considering its value.
The significant interest in joining BRICS by many is a clear sign that BRICS has remained true to its values of strengthening multilateralism, driving reform as well as boosting global economic growth and stability,” Pandor said.
BRICS, an economic bloc that includes Brazil, Russia, India, China and South Africa, was formed on June 16, 2009. South Africa joined BRICS in December 2010.
www.msn.com/en-us/money/other/brics-currency-rising-19-co...
BRICS Currency Rising? 19 Countries Desperate To Join The Powerhouse Group
As the BRICS coalition of nations prepares for its upcoming annual summit in South Africa, 19 countries have shown interest in becoming members of the group.
The bloc, which consists of Brazil, Russia, India, China, and South Africa, plans to convene in Cape Town from June 2-3 to address the potential expansion, according to South Africa's ambassador to the group, Anil Sooklal.
Sooklal said in an interview with Bloomberg that the topic of discussion would revolve around "the expansion of BRICS and the modalities of how this will happen."
He added that "thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day."
The conversation regarding the enlargement of the group began when China, the world's second-largest economy, served as the BRICS chair last year.
DSC_0749
Columbia University Professor Jeffrey Sachs on China's historic push for multipolar world to end US domination - DEMOCRACY NOW
www.cryptopolitan.com/brics-new-development-bank-away-fro...
BRICS New Development Bank breaks away from US dollar
▫️The New Development Bank (NDB), established by the BRICS group, is moving away from the US dollar in international trade.
▫️NDB President Dilma Rousseff confirmed that the bank plans to provide 30% of loans in the local currencies of its member nations.
▫️The move aims to reduce dependency on the US dollar and help BRICS countries avoid foreign exchange risks and financial shortages.
www.bloomberg.com/news/articles/2023-04-24/brics-draws-me...
BRICS Draws Membership Bids From 19 Nations Before Summit
▫️Algeria, Egypt, Indonesia have asked to join the group
▫️Foreign ministers from the five BRICS members meet in June
(Bloomberg) -- Nineteen countries expressed an interest in joining the BRICS group of nations as it prepares to hold an annual summit in South Africa.
The emerging-markets bloc of Brazil, Russia, India, China and South Africa will meet in Cape Town on June 2-3 to discuss its enlargement, Anil Sooklal, South Africa’s ambassador to the group, said in an interview in the city on Monday.
“What will be discussed is the expansion of BRICS and the modalities of how this will happen,” he said. “Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day.”
China initiated the conversation about expansion when it was BRICS chair last year, as the world’s second-biggest economy tries to build diplomatic clout to counter the dominance of developed countries in the United Nations. The proposed enlargement triggered concern among other members that their influence will be diluted, especially if Beijing’s close allies are admitted. China’s gross domestic product is more than twice the size of all four other BRICS members combined.
The foreign ministers from the five member states have all confirmed they’ll attend the discussions in June, Sooklal said. In addition to its membership, they will also discuss “hot spots” including Sudan, where a cease-fire appeared to take hold on Tuesday after 10 days of conflict.
Since its formation as the BRIC in 2006, the group has only added one new member — South Africa in 2010.
Saudi Arabia and Iran are among the countries who’ve formally asked to join, Sooklal said in February. Other countries that have expressed interest in joining include Argentina, the United Arab Emirates, Algeria, Egypt, Bahrain and Indonesia, along with two nations from East Africa and one from West Africa — which he didn’t identify.
www.firstpost.com/world/brics-receives-membership-request...
BRICS receives membership requests from 19 countries before annual summit
The foreign ministers of BRICS nations will reportedly attend the discussions on a range of issues including the expansion of the bloc in June.
New Delhi: As the BRICS group of nations are preparing to hold the proposed annual summit in South Africa, nineteen countries have expressed an interest so far in joining the bloc.
The emerging markets bloc of BRICS nations will meet in Cape Town on June 2-3 to discuss its expansion, Anil Sooklal, South Africa’s ambassador to the group, said in an interview on Monday.
The group has only admitted only a single member of South Africa in 2010 since its formation as the BRIC in 2006.
“What will be discussed is the expansion of BRICS and the modalities of how this will happen. Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day,” Bloomberg quoted him as saying.
The foreign ministers from the five member states have all confirmed they will attend the discussions in June, Sooklal said.
The BRICS, which represents around one-fifth of the world’s economy, has emerged as a powerful new voice in the world. At present, the five members of BRICS contribute 16 per cent to world trade and around 24 per cent to global GDP.
The potential expansion of the bloc cannot be ruled out considering the systemic competition between the United States and China and the frequently changing scenario of world politics, experts said, adding that the demand to join the group will expand further as the great powers, as well as small powers, would seek alliances to secure their strategic interests amid growing tensions with the US over the Russia-Ukraine crisis.
In February this year, South Africa’s foreign minister Naledi Pandor said many countries across the globe are showing interest in joining the BRICS considering its value.
The significant interest in joining BRICS by many is a clear sign that BRICS has remained true to its values of strengthening multilateralism, driving reform as well as boosting global economic growth and stability,” Pandor said.
BRICS, an economic bloc that includes Brazil, Russia, India, China and South Africa, was formed on June 16, 2009. South Africa joined BRICS in December 2010.
www.msn.com/en-us/money/other/brics-currency-rising-19-co...
BRICS Currency Rising? 19 Countries Desperate To Join The Powerhouse Group
As the BRICS coalition of nations prepares for its upcoming annual summit in South Africa, 19 countries have shown interest in becoming members of the group.
The bloc, which consists of Brazil, Russia, India, China, and South Africa, plans to convene in Cape Town from June 2-3 to address the potential expansion, according to South Africa's ambassador to the group, Anil Sooklal.
Sooklal said in an interview with Bloomberg that the topic of discussion would revolve around "the expansion of BRICS and the modalities of how this will happen."
He added that "thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day."
The conversation regarding the enlargement of the group began when China, the world's second-largest economy, served as the BRICS chair last year.