25 New Countries Ready to Join BRICS in 2025? What You Need to Know
The BRICS economic bloc is undergoing a significant transformation. Is it true that 25 new countries are poised to join in 2025? Let's delve into the latest updates and what this expansion could mean for the global economy.
BRICS Expansion: A Shifting Global Landscape
The BRICS, which till 2025 included India, Russia, Brazil, South Africa, and China, has announced the induction of five new full members as of January 2025. But the ambition doesn't stop there. Around 25 new countries are now looking to be inducted into the BRICS bloc in 2025. The developing nations want to strengthen their local currencies, which will be a crucial part of the BRICS agenda.
Confirmed: Nine New BRICS Partner States
Update (December 2024): Nine countries will officially become “BRICS partners” on January 1, 2025, Russia has confirmed. The new BRICS partner states will be strategically positioned to contribute to the bloc's growing influence.
The Appeal of BRICS Membership
So, why the surge in interest? Countries seeking to join BRICS are often motivated by a desire for:
- Increased economic cooperation and trade opportunities
- Strengthened local currencies and reduced reliance on the US dollar
- A more multipolar world order
- Access to the New Development Bank (NDB) for infrastructure projects
Looking Ahead: What the Future Holds for BRICS
While the inclusion of 25 new countries remains a prospective ambition for 2025, the confirmed expansion to nine new partners represents a significant step. As BRICS continues to evolve, its influence on global trade, finance, and geopolitics is only set to grow. Stay tuned for further updates on this developing story.