The Fort Worth Press - BRICS leaders to debate expanding membership at summit

USD -
AED 3.672494
AFN 64.999743
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 917.000094
ARS 1547.506848
AUD 1.426544
AWG 1.8
AZN 1.697068
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.460698
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.39503
CDF 2314.999866
CHF 0.81448
CLF 0.024532
CLP 965.479702
CNY 6.669799
CNH 6.66659
COP 3229.75
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.56415
DJF 178.04787
DKK 6.637502
DOP 60.044158
DZD 135.825634
EGP 54.653305
ERN 15
ETB 164.108289
EUR 0.88795
FJD 2.24175
FKP 0.743037
GBP 0.741195
GEL 2.605024
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.503195
GNF 8859.999896
GTQ 7.640777
GYD 209.490556
HKD 7.844265
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 321.798964
IDR 18102
ILS 3.15995
IMP 0.743037
INR 94.510797
IQD 1515.805747
IRR 1883408.498647
ISK 121.310194
JEP 0.743037
JMD 158.490264
JOD 0.709012
JPY 157.938497
KES 129.95052
KGS 87.449977
KHR 4065.567945
KMF 441.000169
KPW 899.999961
KRW 1343.175028
KWD 0.31068
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.652015
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 47.009856
MVR 15.455007
MWK 1733.74558
MXN 18.570715
MYR 4.048101
MZN 63.910382
NAD 16.458322
NGN 1346.410288
NIO 36.791229
NOK 9.297399
NPR 151.327626
NZD 1.771905
OMR 0.384504
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 63.100501
PKR 276.584484
PLN 3.89515
PYG 6062.867601
QAR 3.645272
RON 4.742802
RSD 104.472028
RUB 81.802231
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.835724
SDG 601.506428
SEK 9.703815
SGD 1.276498
SHP 0.745545
SLE 22.909899
SLL 20969.504398
SOS 571.481881
SRD 37.563991
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.434032
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.043497
TTD 6.77808
TWD 33.008496
TZS 2647.034973
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768982
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 582.45706
XAG 0.019006
XAU 0.000242506548
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 582.45706
XPF 105.958029
YER 236.175026
ZAR 16.354298
ZMK 9001.195056
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.089813
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

BRICS leaders to debate expanding membership at summit
BRICS leaders to debate expanding membership at summit / Photo: © POOL/AFP

BRICS leaders to debate expanding membership at summit

BRICS leaders on Wednesday will debate admitting new members to their five-nation bloc as it pursues a bigger role in shaping world affairs it sees as dominated by western powers.

Text size:

China is seeking to rapidly grow the club of large emerging economies amid rising competition with the United States, and more than 40 nations are lining up to join.

But the BRICS other major power, India, is wary of rushing to expand and the divisive issue tops the agenda as it discusses its future at a three-day summit in Johannesburg.

The BRICS nations -- Brazil, Russia, India, China and South Africa -- represent 40 percent of the world's population and a quarter of the global economy.

A disparate association of big and small economies, democratic and authoritarian states, the BRICS share a common vision for an alternative to the Western-led world order that better serves developing nations.

"The world is changing," said South African President Cyril Ramaphosa at the opening of the plenary session of the BRICS on Wednesday.

"New realities call for a fundamental reform of the institutions of global governance so that they may be more representative and better able to respond to the challenges that confront humanity."

- Shaping history -

The other BRICS leaders of Brazil, India and China are also present for the summit, which is being attended by 50 other heads of state and government.

Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, did not attend in person and addressed the summit via video link.

Chinese President Xi Jinping told delegates on Monday that the "course of history will be shaped by the choices we make".

But the head of the BRICS most powerful state said the summit was "not an exercise of asking countries to take sides, nor an exercise of creating bloc confrontation".

"Rather, it is an endeavour to expand the architecture of peace and development," Xi said in remarks delivered on his behalf by his Commerce Minister Wang Wentao.

The US has said it does not see BRICS, which was created in 2009 and expanded to include South Africa the following year, evolving into a geopolitical rival.

The gathering has underlined divisions with the West over the war in Ukraine, and the support Russia enjoys from its other BRICS partners at a time of global isolation.

South Africa, China and India have not condemned Russia's invasion while Brazil has refused to join Western nations in sending arms to Ukraine or imposing sanctions on Moscow.

- Rift over expansion -

China is the BRICS most powerful economy and Xi's state visit to South Africa, just his second international trip this year, comes as Beijing pushes to rapidly expand the group's membership.

Officials say nearly two dozen nations have formally applied to join the bloc from across the "Global South" -- a broad term referring to nations outside the West.

Like the BRICS themselves, these countries are varied in size and economic clout, but include traditionally non-aligned nations like Indonesia and others like Iran that are openly hostile to the United States and its allies.

BRICS leaders say this reflects the growing appeal of its message.

But the issue divides China and its regional rival India, presenting challenges for a forum that operates on a consensus basis.

New Delhi is wary of Beijing shaping the forum to suit its own geopolitical agenda.

Russia and South Africa back expansion while Brazil's President Luiz Inacio Lula da Silva, has said he supports the entry of Argentina.

"I know that as BRICS leaders you are discussing this matter, and giving close attention to it, and you will need to make your decisions known," said Ramaphosa.

F.Carrillo--TFWP