العربية

Opportunities and Challenges facing the BRICS

The BRICS group, which appeared publicly in 2006 and held its first meetings in 2009, is known to be accepted amongst developing countries, as 43 countries expressed their desire to join the group, while 23 countries applied for official membership, and it was agreed to expand the group’s membership at its 15th summit in August 2023 to include 6 other countries starting in January 2024: Egypt, Iran, Saudi Arabia, UAE, Argentina, and Ethiopia.

Although this expansion enhances the group’s economic and political weight, it faces a number of challenges mainly related to the difference in the degree of economic growth of the new countries in contrast to the five core countries, which at some point will need clear criteria on the basis of accepting new members to join it in the future.

For more details, please follow the link: https://ncmes.org/3103/ 

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