BRICS has proven its international importance and its ability to drive global economic growth and innovation; it seeks to develop a unified and constructive global governance model and launch a common currency that enhances its influence and solidifies its position as a leading global power, with a negotiating weight capable of competing with the G7, which accounts for 60% of global wealth.
BRICS — which includes Brazil, Russia, India, China, and South Africa — is reshaping the world order and shifting the centre of influence from the global north to the global south. In recent years, the group has received dozens of applications to join it in an effort to break the dollar’s dominance and find viable economic and financing alternatives and more diversified and independent trading systems.
Despite the huge differences among its member states, BRICS has succeeded in establishing itself as a forum to address critical global issues such as trade, finance, climate change, and energy security.
It has witnessed major political and economic transformations that have enhanced its dynamism and ability to develop into a new global pole, capable of breaking hegemony and control in the formulation of international public policies and improving the global investment environment.
