A total of four new countries have expressed their interest in joining the BRICS alliance this month. The number of countries that are ready to be a part of the bloc is only growing lately. The de-dollarization agenda, clubbed with a renewed consideration of local currencies is what’s attracting emerging economies into the bloc. Read here to know the reason why many developing countries are ditching the US dollar for global trade and commerce.
Also Read: BRICS Countries Are Rejecting De-Dollarization
BRICS: 4 Countries Ready to Join Alliance
Four new nations have come forward officially expressing their intent to be a part of the BRICS alliance. The four countries that want to join the bloc are:
Bolivia
Columbia
Libya
Namibia
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While Bolivia is already a part of the BRICS alliance via the ‘Partner countries.’ It is now looking to be a full-time member. “BRICS is a new alternative that will be able to help first of all countries like Bolivia, but also many others,” said Foreign Minister Celinda Sosa. “This shows that there is a vision of integration, a multilateral vision where all countries have this opportunity,” she said.
Columbia, Libya, and Namibia are knocking on the doors of the BRICS alliance for an official membership. Nonetheless, the expansion could only happen in 2025 as the bloc started the new ‘Partner Countries’ initiative. Therefore, these countries are unlikely to be a part of the grouping this year or any time soon.
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The BRICS alliance invited 13 new nations to join the bloc as ‘Partner Countries’ during the 16th summit in Kazan. Russian President Vladimir Putin confirmed that all the countries will officially become partners after they approve the invitation.
“The establishment of a new category of partner countries has become a significant conclusion of the Kazan Summit. The list of potential candidate countries was also agreed upon, to which the Russian presidency will send a relevant invitation,” said Putin.