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- 2024-12-05
In a powerful display of unity and growing influence, leaders from 36 countries gathered for a photo during the ongoing BRICS summit. The summit, which initially brought together Brazil, Russia, India, China, and South Africa, now serves as a platform for a larger group of nations to discuss economic collaboration and alternative global governance structures.
Among the nations posing at the summit were BRICS members India, China, Russia, Brazil, South Africa, Egypt, Ethiopia, Iran, and the UAE. These countries have officially joined the BRICS bloc, while Saudi Arabia has been extended an invitation to join.
Additionally, countries such as Azerbaijan, Bangladesh, Belarus, and Bolivia have formally applied for membership, signaling their desire to be part of this emerging global economic framework. Furthermore, over 40 other countries, including Algeria, Venezuela, Nigeria, and Turkey, have either expressed interest in joining or have already started the process.
The BRICS summit is seen as a pivotal moment in reshaping global power dynamics, offering an alternative to Western-dominated financial systems. With the collective's recent announcement of initiatives like the blockchain-based BRICS Pay, it’s clear that these nations are positioning themselves to challenge existing global financial institutions such as SWIFT.
As more countries align with the BRICS bloc, the group's influence is expanding beyond its founding members, further emphasizing its role in shaping the future of international trade and economic policies. The summit serves as a reminder of the shifting global landscape and the importance of cooperation among nations seeking more inclusive economic governance.