With the summit fast approaching, and a plethora of nations seeking membership, we observe the BRICS hopefuls and every country that could join the alliance. Indeed, the list is expected to contain 23 different countries, as expansionary guidelines are expected to be set forth within the next week.
The BRICS bloc currency consists of Brazil, Russia, India, China, and South Africa. Yet the collective has been outspoken in its desire to include new member countries. Moreover, the expansion criteria should better narrow down the countries with the greatest chance to join the alliance.
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A Look at the Countries Seeking to Join BRICS
The BRICS summit is undoubtedly set to be a vital time for the bloc and the geopolitical sector. Indeed, it should present an opportunity for the alliance of the global south to continue its growth. Embracing a trend that should see several countries join the fray.
Specifically, we observe these BRICS hopefuls and uncover every country that could join the alliance following the August summit. Subsequently, 23 nations have submitted a formal or informal membership application. Each is likely confident in their prospects, with the guidelines not yet set.
The World of Statistics recently released an updated list featuring countries seeking entry. Among them are nations like Algeria, Argentina, Bangladesh, Bahrain, Belarus, Bolivia, Ethiopia, Honduras, Kazakhstan, and Kuwait.
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However, countries like Cuva, Egypt, Indonesia, Iran, Saudi Arabia, Thailand, the United Arab Emirates, Venezuela, and Vietnam are also present on the list. Rounding out the BRICS hopefuls are Morocco, Nigeria, Palestine, and Senegal.
The list includes a host of different kinds of nations, with countries like Saudi Arabia, the UAE, Argentina, and Indonesia likely to have the strongest case. However, the bloc has continuously affirmed its desire to aid developing countries. Therefore, the expansion could include some countries that would greatly benefit from inclusion but have little to offer the bloc.
Only time will tell, but expansion appears to be a matter of when and not if. Moreover, that very expansion and growth in numbers could be a great benefit to the bloc. As it continues its de-dollarization efforts, it could find plenty of aid in the joining nations.