In this week’s roundup: Azerbaijan interested in joining BRICS; BRICS to support creation of engine construction consortium, including aircraft industry, fuel and energy sector; Malaysia’s Anwar Ibrahim visits India to reset ties, boost Brics membership bid; 47 countries express interest in joining BRICS; Zimbabwe eyes BRICS membership; Can the BRICS’ New Development Bank rival the IMF or World Bank?
Azerbaijan interested in joining BRICS
Azerbaijan would like to join BRICS, the republic’s Ambassador to Moscow Polad Bulbuloglu said in an interview with TASS before Russian President Vladimir Putin’s visit to Baku.
BRICS to support creation of engine construction consortium, including aircraft industry, fuel and energy sector
The Russian Industry and Trade Ministry has suggested creating a consortium for engine construction, including the construction of aircraft and power engines, to its BRICS partners, Russian Industry and Trade Minister Anton Alikhanov said after a meeting between the BRICS countries’ industry ministers.
Bin Habtoor stresses need to enhance economic cooperation with Russia, BRICS countries
Member of the Supreme Political Council in Sana’a, Dr. Abdulaziz Saleh bin Habtoor, emphasised the need to boost economic cooperation between Yemen and Russia in particular and the key BRICS countries in general.
Malaysia’s Anwar Ibrahim visits India to reset ties, boost Brics membership bid
Malaysia’s Anwar Ibrahim makes his debut trip to India as prime minister, seeking support for his country’s application to join the Brics bloc and to rekindle a bilateral relationship that was worth over US$16 billion in trade last year.
Putin invites Pezeshkian to attend BRICS summit in Russia
Iran’s Ambassador to Moscow Kazem Jalali announced the official invitation of Vladimir Putin to Masoud Pezeshkian to attend the BRICS summit, saying that the two sides would probably sign a comprehensive long-term agreement.
47 countries express interest in joining BRICS
The BRICS alliance has garnered significant global attention, with 47 countries expressing interest in joining, The Herald reports. This surge in interest underscores BRICS’ growing influence as a counterbalance to traditional Western-dominated institutions like the IMF and World Bank. Nations from Africa, Asia, and Latin America are eager to align with BRICS, drawn by its potential to reshape global economic governance and offer alternative avenues for trade and development.
Zimbabwe eyes BRICS membership
As global economic dynamics shift, Zimbabwe is among a growing number of developing countries seeking to join the BRICS alliance in a bid to diversify economic partnerships and reduce reliance on the US dollar.
PM Anwar: BRICS Supportive of Malaysia’s wish to join the group
BRICS countries are supportive of Malaysia’s wish to join the grouping, said Prime Minister Datuk Seri Anwar Ibrahim. “We are very fortunate that they are supportive of Malaysia’s application, although it is yet to be decided whether Malaysia will join BRICS,” he told India Today Global in an exclusive interview.
What could BRICS membership offer Azerbaijan?
“Membership in BRICS is primarily tied to logistics, as Azerbaijan is geographically positioned at the center of new corridors of interest to China and India,” says Natig Jafarli, one of the leaders of the Republican Alternative Party.
Can the BRICS’ New Development Bank rival the IMF or World Bank?
Next week, from Thursday, August 29, to Saturday, August 31, 2024, the BRICS’ New Development Bank, NDB, will host its Ninth Annual Meeting, in South Africa at the Cape Town International Convention Centre, CTICC, under the theme “Investing in a Sustainable Future”. Professor Bonke Dumisa, an independent economic analyst, assesses its prospects.
Bulgarian pro-Russian party joins BRICS forum in Moscow
The pro-Russian radical party and third largest group in the Bulgarian parliament, Revival, will send a delegation to a BRICS forum in Moscow later this month – a surprising move as Bulgaria has no formal relations with the BRICS and Revival has only a marginal say at local government level.
Total of 110 envoys from 40 countries to attend BRICS Young Diplomats Forum — Russian MFA
About 110 representatives from 40 countries will take part in the 6th BRICS Young Diplomats Forum to be held in Ufa on August 27-31, Chairman of the Russian Foreign Ministry’s Council of Young Diplomats Konstantin Kolpakov told TASS.
