🌟 The BRICS+ bloc is gearing up for its 16th summit in Kazan, Russia, with global governance and economic collaboration taking center stage. Since its 2009 founding, the group has pushed for a more inclusive global financial system—and 2024 could be its biggest year yet.
💡 What’s on the agenda? Experts like Mikatekiso Kubayi, a senior researcher at the Institute for Global Dialogue, highlight two game-changers:
A proposed BRICS+ payment system to rival traditional financial networks.
Potential expansion of the bloc, building on last year’s invitation to new members.
🚀 The New Development Bank (NDB) and Contingent Reserve Arrangement have already reshaped infrastructure funding in emerging economies. Now, BRICS+ aims to amplify its voice in geopolitics, offering developing nations an alternative platform for collaboration.
🤝 While the bloc remains informal and non-aligned, its growing influence challenges Western-dominated institutions. As Kubayi notes, this summit could redefine how the Global South engages with issues like trade, climate, and digital governance.
🌐 Stay tuned: With over 40 countries reportedly interested in joining BRICS+, Kazan might just mark the start of a multipolar world era. 🎯
