Major emerging market nations invited Saudi Arabia, Iran, Egypt, Argentina, Ethiopia and the United Arab Emirates to join their bloc.
President of China Xi Jinping and Russia's Foreign Minister Sergei Lavrov attend a meeting during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 24, 2023.ajor emerging market nations invited top oil exporter Saudi Arabia, Iran, Egypt, Argentina, Ethiopia and the United Arab Emirates to join their bloc in a push to expand its global influence.
“We have consensus on the first phase of this expansion process and other phases will follow,” Ramaphosa said at a joint briefing with the group’s other leaders. Agreement had also been reached on the need to overhaul the global financial architecture and key institutions to make the world more equitable, inclusive and representative, he said.
The push for expansion was largely driven by China but had the backing of Russia and South Africa. India was concerned a bigger BRICS would transform the group into a mouthpiece for China, while Brazil was worried about alienating the West.
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