BRICS leaders agree to expand bloc

South Africa’s Foreign Minister Naledi Pando, the BRICS leaders decided on Wednesday to increase the membership of the five-state group. A significant announcement will be made before the three-day summit in Johannesburg comes to an end.

BRICS leaders expand bloc: “We have reached a consensus regarding growth, as the president mentioned earlier today. In an interview with the Foreign Ministry-run Ubuntu Radio, Pandor stated, “We have a document that we have endorsed and set forth criteria and principles of processes for examining nations who seek to become members of BRICS.

Before the summit’s conclusion on Thursday, according to the minister, BRICS leaders will make a more comprehensive declaration.

More than 20 nations have expressed a desire to join the group of developing nations that consists of South Africa, Brazil, Russia, India, and China.

The 15th summit of the bloc is now taking place in Johannesburg behind closed doors.

Leaders will announce some of the items they have reached agreement on after the BRICS summit, which began on Tuesday and will end on Thursday. These issues may include the admission of new members and the potential creation of their own currency.

Oil-producing behemoths like Saudi Arabia, Iran, and the United Arab Emirates are among countries considering joining the union.

encompassing bloc ​​​​​​​

The bloc, according to South African President Cyril Ramaphosa, is an inclusive grouping of developing and emerging nations that are cooperating to enhance shared prosperity by drawing on their diverse histories, cultures, and systems.

He remarked, “We do so because we realise that the largest concerns facing humanity are poverty, inequality, and underdevelopment.

Ramaphosa stated that the BRICS have a dedication to advancing the interests of the developing world and are ready to collaborate with any nation that seeks to construct a more inclusive international order.

However, “We are confident that this 15th BRICS summit will enrich and inspire our work towards the achievement of a more humane global community,” he declared.