BRICS Finalizing Mass Expansion Plan As More Countries Show Interest in Joining Economic Alliance - The Daily Hodl

BRICS Finalizing Mass Expansion Plan As More Countries Show Interest in Joining Economic Alliance – The Daily Hodl

Time Stamp: July 4, 2023 11:08 PM

The economic coalition of BRICS nations is finalizing a plan to bring new countries into the group, according to an insider.

In a new interview with Russian government-backed RT, South Africa’s BRICS sherpa Anil Sookal says he and others working within the group have been tasked with prioritizing and organizing an expansion effort for the alliance over the last year or so.

According to Sookal, BRICS leaders will be convening during a summit in South Africa next week to discuss the details on how to welcome more countries into their circle.

“…Next week in Durban here in South Africa we have a special sherpa meeting to look at finalizing our effort on expansion. This report will then be transmitted to our ministers. And South Africa will convene a virtual meeting of ministers of foreign affairs before the end of July to make recommendations to the leaders at the summit in August with regard to BRICS’ expansion.”

Sookal says that BRICS’ consistent stance of supporting the developing world’s best interest’s over the old guard have drawn in more countries wanting a seat at the table.

He says BRICS is attempting to rearrange a geofinancial situation that is “totally out of touch” with modern reality.

“This is largely due to the fact that BRICS is now established as a major voice of the Global South on the international platform. BRICS has been meeting for the past 15 years.

This will be the 15th summit that South Africa will host, and we have had a consistent message in terms of championing the interest of the developing world, including Africa, and I think our track record of the past 15 years has demonstrated that we have been consistent and we have been calling for a total reform of the global governance architecture. 

Because we have a governance architecture that is Western dominated that was formed after the second World War that is outdated and totally out of sync with the global reality that we have in 2023. The developing world continues to be marginalized and we are not treated as equals.”

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