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In 2022, Argentina formally submitted an application for BRICS membership under Alberto Fernández's government. Argentina was invited to join at the subsequent 2023 summit, but the country declined the offer to join the bloc in the aftermath of pro-Western Javier Milei's victory in that year's presidential election. [18]
BRICS countries committed to study the feasibility of a new common currency or similar, at the 2023 BRICS summit in South Africa. [ 157 ] [ 158 ] [ 159 ] Fair and easier international trade , as well as a major reduction in costs of transactions , would be some of the reasons for the countries to forge a currency union.
Six new countries including Saudi Arabia have been invited to join the Brics bloc of developing nations, South Africa has announced, after three days of closed-door discussions between members.
The 2023 BRICS summit was the fifteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states: Brazil, Russia, India, China, and South Africa. [2] [3] South African President Cyril Ramaphosa also invited the leaders of 67 countries to the summit. [4]
The BRICS alliance — which is composed of Brazil, Russia, India, China and South Africa — is set to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to join ...
Nearly three dozen countries are seeking entry into the China and Russia-backed BRICS economic group, member state South Africa said Wednesday, weeks after the body expanded its membership for the ...
BRICS—originally made up of just Brazil, Russia, India, China, and South Africa—is going to need a new name. After not adding any new members for 13 years, the non-Western international group ...
This is a list of representative leaders of BRICS states at each BRICS Summit since the group's inception in 2009. This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources .