In 2001, Jim O'Neill, chairman of Goldman Sachs Asset Management, coined the acronym BRIC in a...Noury, Valerie
The BRICS grouping of major emerging economies, Brazil, India, China, South Africa and Russia, is holding its fifteenth summit later this month. Up for discussion: an expansion of the bloc, greater use of local currencies and the possibility of a BRICS currency which may have the potential to...
In 2009, the leaders of the BRIC countries held their first summit, making it a formal institution and more than just an economist's shorthand. Then, in 2010, at China’s invitation, the term was expanded to “BRICS” to include South Africa (although it’s worth noting that O’...
BRICS is a group of 9 countries that comprises Brazil, Iran, South Africa, Russia, Egypt, Ethiopia, China, India, and the United Arab Emirates who have actively advocated for the rise in commerce in local currencies, specifically after the start of the Russia-Ukraine war in 2022....
Given Africa's increasing prominence on the global stage, exemplified by the AU's permanent membership in the G20 and the growing engagement of African countries in key multilateral platforms such as BRICS, the summit is expected to further underscore the importance of enhancing Africa's common po...
Leaders' Meeting, the 2016 G20 Hangzhou Summit, the first Belt and Road Forum for International Cooperation, and the Ninth BRICS Summit in Xiamen. China is hoping to see other countries join its rapid development, a move that is hailed by the rest of the world and is winning more friends...
What the BRICS Can Build in Africa: The Formation of the BRICS (Brazil, Russia, India, China and South Africa) Grouping Offers a Potential Economic Windfall for Africa, but Unless Africa Engages More Shrewdly with These New Emerging Powers, the BRICS May Undermine the Continent's Long-Term ...
Global initiatives and funding can help build capacity for environmental management and sustainable development, ensuring that the growth of these potentially powerful economies does not come at the expense of their natural heritage. A decline in environmental quality disrupts ecosystems, leading to ...
Jill Savage and Matthew Peterson of “Blaze News Tonight,” while excited by Trump’s action, are curious as to why McCullough believes what he does. “It’s going to liberate us,” McCullough explains. “The WHO was advancing what’s called a Pandemic Treaty Alliance, international health ...
There are 36 CBDC pilots in operation and 8 of the G20 have programs in development. The BRICS countries—Brazil, Russia, India, China, and South Africa—are exploring a CBDC.8 One example of a failed CBDC attempt is theUnited Kingdom's Britcoin, which existed between 2011 and 2019.9 ...