In this regard, it can be said that the admission of new members to the NDB and the expansion of BRICS will contribute to achieving the desired balance in the global monetary system and will give BRICS and the NDB significant weight internationally. The newly joined countries have significant ...
Although there were only five BRICS members before the expansion, these five countries account for a considerable share of the world in terms of such important indicators as economic volume, trade in goods and population, and this expansion...
Before Egypt joined the multilateral bank, earlier, in September 2021, India had welcomed Bangladesh, Uruguay and the United Arab Emirates (UAE) as the new members of the BRICS New Development Bank. List of New Development Bank member countries Find thetotal membe...
said the future of BRICS is promising, noting "I believe if BRICS presents a model based on mutual and win-win cooperation to serve all, it will greatly lead to the success of this model and the BRICS project."10
The New Development bank was set up by BRICS nations on the basis of the intergovernmental agreement signed at the sixth BRICS summit in Fortaleza in July 2014
The enlarged grouping will account for 46.5% of the world population. UsingIMF GDP data, we can deduce that it will account for about 30% of global GDP. The disparate nature of the six new members is bound to spark debate about the real nature of Brics. ...
Detailed information about BRICS countries: Brazil, Russia, India, China, South Africa, and new members from 2024 – Egypt, Iran, UAE, Saudi Arabia, and Ethiopia.
"One of the main goals of the Russian Chairmanship is undoubtedly the seamless integration of the BRICS new members. We are actively assisting them in joining the existing network of cooperation mechanisms," he said. Another priority is to seek to continue coordinated work to enhance the visibili...
The addition of new members would strengthen the group and increase confidence in the idea of multipolar world order, according toThe Hindu. Moreover, it will also inject fresh vitality into the BRICS cooperation mechanism, and further strengthen momentum toward world peace and development. ...
If the economic bloc manages the balance of opportunities and challenges presented by the new member correctly, it could become a powerful asset It has been almost a year since Egypt officially joined BRICS, becoming one of the new members alongside Iran, the United Arab Emirates, and Ethiopia....