While various far-right movements and parties seem to become stronger in the Western world, there have been more interesting and positive developments in the rest of the world. Foreign ministers of the five BRICS countries and from 12 developing countries – “friends of BRICS” – met in South Africa last week. 19 countries are interested in joining the bloc. The BRICS foreign ministers pledged to build up the New Development Bank. The aim of the bank is to finance infrastructure and sustainable development projects in the developing and member countries. (1, 2, 3)
References:
1) “BRICS meet with ‘friends’ seeking closer ties amid push to expand bloc” Middle East Monitor 2.6.2023
2) “As 19 countries seek to join BRICS, is the world experiencing a change in the balance of power?” Middle East Monitor 22.5.2023
3) “BRICS foreign ministers pledge to build up New Development Bank” Middle East Monitor 2.6.2023
IDIS Observer 