In this week’s round-up: Understanding the economic impact of the Arab presence in BRICS; Putin calls on the economies of the Eurasian Economic Union (EAEU) to work with BRICS; Inside the BRICS rival to Horizon Europe; BRICS nations launch University Association, and more.
Geopolitical Chessboard: Pakistan’s BRICS Ambitions Amidst Russia’s 2024 Presidency
In the shifting global economic and geopolitical environment, the BRICS group—comprising Brazil, Russia, India, China, and South Africa—stands out as a symbol of a diversifying global power structure, challenging the traditional dominance of Western economies. This alliance of burgeoning economies signals a move towards a global order that is fairer and more inclusive, aiming to amplify the voices of developing nations.
BRICS nations launch University Association
State universities from BRICS countries have established an academic association encouraging greater international cooperation and inviting global institutions to sign up for free membership.
Financial Settlements Within the BRICS Framework: Moving Forward, Despite Problems
The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was stated that the BRICS Payment Task Force (BPTF) needs to prepare a report on payment mechanisms, including those based on cross-border payment systems.
China Elevates Ties With Angola as BRICS Promises to Pave Way for Multipolar World
China and Angola announced they were upgrading diplomatic relations to a comprehensive strategic cooperative partnership as 2024 looks to be a landmark year for economic development in the Global South.
Inside the BRICS rival to Horizon Europe
Since it was formally founded in 2009, there have been a few achievements, like the creation of a multilateral lender, the New Development Bank, but critics have pointed to a lack of concrete actions.
BRICS total investable wealth reaches $45 trillion
According to Dominic Volek, Group Head of Private Clients at Henley & Partners, the millionaire population within these countries is expected to see an 85% increase over the next decade.
Putin Calls to Join EAEU Economies to Work with BRICS
Russian President Vladimir Putin called on the economies of the Eurasian Economic Union (EAEU) to work with BRICS during the meeting with the head of the Eurasian Economic Commission Board Bakhytjan Sagintayev.
Three Cultures Foundation to take part in CEC meetings: “Keys to understanding the economic impact of the Arab presence in BRICS”
The Three Cultures Foundation, in collaboration with the Círculo de Empresarios de Cartuja, is organising a new CEC Meeting, which will feature Ana Isabel González Santamaría, who will deliver an address on the expansion of the BRICS to the Middle East and North Africa.
