#africanews #BRICS
As of January 1st, 2024, the BRICS, a multipolar organization set to challenge the current Western-dominated financial system, has added five new member countries, changing the name from BRICS to BRICS . These five countries are Iran, Saudi Arabia, the UAE, Egypt and Ethiopia bringing the total number ofBRICS members to ten. While some analysts believe that the expansion will weaken the decision-making and overall power of the group, the fact is the expansion of BRICS means a greater representation of emerging economies and a chance for these countries to move away from reliance on the US dollar. Now, as we said earlier the total number of BRICS members is currently ten but there is a great possibility that more members will be added because according to South Africa’s Foreign Minister, Naledi Pandor, 40 countries have expressed interest in joining the BRICS alliance. This is not surprising because most developing countries are suffering in one way or another under the current global financial system but they see BRICS as a chance to escape this system. So, in this video, we are going to show you some of these countries that have expressed interest in aligning with BRICS and what they have to offer to the group.
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