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A group of economically aligned countries known as the BRICS is reportedly sifting through the spike in interest from countries seeking to join the coalition.
The group, which is exploring launching a global currency that will shun the US dollar, is preparing to respond to a wave of applications from like-minded countries, reported Telesur.
Naledi Pandor, South Africa’s foreign minister, said BRICS leaders would issue a list of requirements for those wishing to join.
“BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on concepts for how the group might respond to this interest. We hope our leaders will provide final guidance at the end of the BRICS Summit. The growing interest in the alliance shows that many countries are looking for a multipolar forum that is modern, inclusive and focused on the common good.”
Pandor said the New Development Bank, a private multilateral development bank set up by BRICS countries, is helping new members establish themselves on a global economic stage historically dominated by the US and Western allies.
“We are encouraged by the growth and sustainability of the New BRICS Development Bank and welcome new members. The Bank has helped members provide financing for infrastructure needs, supporting the opening up of regional value chains and the localization of productive capacity.”
South African officials say integrating new members and strengthening the BRICS coalition is one of the organization’s goals for 2023.
BRICS stands for the countries of Brazil, Russia, India, China and South Africa.
The list of countries reportedly seeking to join the alliance includes Saudi Arabia, Iran, Argentina, United Arab Emirates, Algeria, Egypt, Bahrain, Indonesia, two unnamed countries from East Africa and one from West Africa.
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