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BRICS Faces Test of Turning Expansion Into Effective Cooperation

BRICS Faces Test of Turning Expansion Into Effective Cooperation
Challenges for BRICS · thestatesman.com

BRICS is a group of countries that wants to work together on development and global issues.

It has grown larger, with 11 full members and 10 partner countries.

More members give the group a stronger voice, but they can also make agreement harder.

India wants BRICS to focus less on making announcements and more on completing projects.

The group could let some members cooperate on specific projects without requiring everyone to agree on everything.

Possible projects include easier digital payments, better infrastructure, food and energy cooperation, and technology standards.

BRICS also wants to give developing countries more influence in global institutions.

The upcoming summit will show whether the larger group can work effectively together.

Key facts

Full members
11 countries
Partner countries
10 countries
India’s chairship output
Five joint declarations, three new centres or platforms, and a memorandum on standardisation during the first eight months
Summit dates
September 12-13
Proposed cooperation areas
Digital payments, artificial intelligence standards, critical minerals, infrastructure, food, energy, logistics, and innovation
Existing institutions
The New Development Bank, Contingent Reserve Arrangement, Sherpa process, ministerial structures, Business Council, and academic networks

Sources

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