the new proposed #BRICS members would create an entity with a GDP 30% larger than the United States, over 50% of the global population and in control of 60% of global gas reserves
The desire for a more multipolar world. Beyond just trade, the #BRICS are rooted in the steadfast political belief that a multipolar world is a better guarantee of their interests than one where unipolar (#US) interests dominate.
In 2021, the countries adopted the #BRICS Joint Statement on Strengthening and Reforming the #JUNGKOOK Multilateral System, that inter alia called on reform of the current #UN Security Council system.
members coordinate on trade matters & have established the New Development Bank, (#NDB) to coordinate infrastructure loans. That was set up in order to provide #alternative loan mechanisms from the #IMF & #WorldBank structures, which the members had felt had become too US-centric
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