Expansion proposal will be on the agenda for Brics in 2023

The Brics group of nations plans to decide whether to admit new members and what criteria they would have to meet, with Iran and Saudi Arabia among those that have formally asked to join, according to SA’s ambassador to the bloc.

Enlarging the group — made up of Brazil, Russia, India, China and SA — would benefit Beijing, as the world’s second-biggest economy tries to build diplomatic clout to counter the dominance of developed nations in the UN, IMF, World Bank and other institutions. ..

Source: https://www.businesslive.co.za/bloomberg/news/2023-02-15-expansion-proposal-will-be-on-the-agenda-for-brics-in-2023/