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Growing Interest in BRICS: Forty Countries Seek Membership

 Ahead of the 2024 BRICS summit, 40 countries have expressed interest in joining the alliance. These nations, spanning Asia, Africa, South America, and Eastern Europe, aim to strengthen their local currencies and economies, reducing their reliance on the US dollar. The push for BRICS membership reflects concerns over the US debt crisis and its potential impact on global economies. Developing countries hope that by joining BRICS, they can create a more equitable global economic landscape, less dependent on the US dollar.Paul Frimpong, founder of the Africa-China Centre for Policy Advisory, noted that over 40 countries have formally submitted applications to join BRICS. He emphasized that the interest in BRICS is driven by a shared desire among these countries to create a fairer global system. The 2024 BRICS summit, set to take place in October in the Kazan region of Russia, will likely address these membership applications and discuss the future direction of the alliance.

The countries interested in joining BRICS include Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, Algeria, Bahrain, Bangladesh, Belarus, Bolivia, Cuba, the Democratic Republic of Congo, Gabon, Guinea, Honduras, Indonesia, Kazakhstan, Kuwait, Mexico, Nicaragua, Nigeria, Pakistan, Senegal, Sudan, Syria, Thailand, Tunisia, Turkey, Uruguay, Venezuela, Vietnam, and Zimbabwe. The inclusion of these countries could significantly expand the influence of BRICS, potentially reshaping the global economic landscape by fostering greater economic cooperation and trade among developing nations   .


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