Leaders from three continents are gathering here for a major summit of BRICS, the informal grouping of nations that was created more than a decade ago to align the world’s top emerging economies but has struggled since to achieve diplomatic harmony, especially amid Russia’s invasion of Ukraine.
BRICS is an abbreviation for Brazil, Russia, India, China and South Africa, and one of the top line realities of the summit opening in Johannesburg on Tuesday is that Russian President Vladimir Putin’s reputation has become so tarnished on the world stage, he can’t attend in person.
So is Indian Prime Minister Narendra Modi, although reports have swirled since early August that he had planned to avoid the meeting altogether until South African President Cyril Ramaphosa persuaded him to change his mind in an urgent phone call earlier this month. BRICS meetings have taken place in all five member states since then, although this week marks the first in-person gathering since 2019.
Although China’s economy has continued to take a hit in the post-COVID era — Chinese exports in July were down 14% on the same month last year — the Xi government will likely use the gathering in Johannesburg to show its growing influence on the continent.Like India and Brazil, South Africa is struggling with rapid urbanization and high levels of unemployment especially among the youth; more than a third of the population is aged under 20.
As the researcher Michael Roach wrote recently for The Interpreter, a flagship publication of the Lowy Institute think tank in Australia, there has been “increasing talk of BRICS nations…developing a new currency that will rival the U.S. dollar as the global reserve standard.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Russia, China look to advance agendas at BRICS summit of developing countries in South AfricaRussia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week.
Consulte Mais informação »
Russia, China look to advance agendas at BRICS summit of developing countries in South AfricaRussia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week.
Consulte Mais informação »
Russia, China look to advance agendas at BRICS summit of developing countries in South AfricaRussia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week.
Consulte Mais informação »
Russia, China look to advance agendas at BRICS summit of developing countries in South AfricaRussia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week
Consulte Mais informação »
Saudi Arabia's entry in focus as BRICS leaders head for South Africa summitRussia's Putin will address meet through video link while Chinese premier Xi Jinping will attend the summit along with India's Modi, Brazil's Lula, and host Cyril Ramaphosa.
Consulte Mais informação »
Saudi Arabia's entry in focus as BRICS leaders head to South Africa summitRussia's Putin will address meet through video link while Chinese premier Xi Jinping will attend the summit along with India's Modi, Brazil's Lula, and host Cyril Ramaphosa.
Consulte Mais informação »