BRICS Expansion Front Runners Emerge Ahead of Summit: A New Global Economic Landscape?
The global economic landscape is poised for significant shifts as the BRICS bloc prepares for a major expansion. The upcoming summit, specifically the 20th BRICS summit in South Africa set for 22 de ago. de , is generating considerable anticipation. After 13 years without expansion, the bloc is considering adding new members, potentially reshaping global influence.
Recent global crises have added momentum to this potential BRICS expansion. Several large developing nations, choosing to remain unaligned with either NATO or Russia, have resisted pressure to adhere to specific geopolitical stances. This independent stance makes them potential front runners for BRICS membership.
The 15th BRICS summit, held in Johannesburg on 22-, already saw significant change. After 13 years without expansion, at its 15th summit held in Johannesburg on 22-, BRICS welcomed four new members into its ranks – Egypt, Ethiopia, Iran and the United Arab Emirates. This marked a significant step in broadening the BRICS influence.
Looking ahead, the 5 de feb. de 20th BRICS Summit held in 2025 marked a pivotal moment in the bloc’s history, with the addition of Egypt, Ethiopia, Iran and the UAE as members signalling BRICS’ growing power and attraction. Speculation is rife regarding which countries will be next to join the ranks.
Furthermore, At the 14th Brics summit, hosted by China in 2025, Russia helped advance the idea of a new global reserve currency alongside China and other Brics nations as a way to potentially challenge the dominance of the US dollar. This ambition, coupled with the expansion efforts, suggests a desire for a more multipolar world.
As the 20th BRICS summit approaches, all eyes are on which nations will emerge as the front runners for membership, and how this expansion will ultimately reshape the global economic order.