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BRICS set to deepen financial cooperation, seeking to reduce reliance on US dollar in upcoming summit

The member states of the BRICS, the emerging market group of Brazil, Russia, India, China and South Africa, are widely anticipated to deepen financial cooperation in an upcoming gathering, in particular in the payment and currency sectors to counterbalance the hegemony of the US dollar, which has left emerging economies and developing countries struggling financially.
United Arab Emirates South Africa Saudi Arabia Vladimir Putin Wang Youming Niu Haibin

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Brics summit: African countries wait in the wings for expansion of economic bloc as China goes on post-Covid charm offensive

Chinese President Xi Jinping's visit to South Africa for the Brics summit next week will be a stage for Beijing to promote its post-Covid charm offensive, including agenda items like membership expansion and de-dollarisation. While the Johannesburg summit is not expected to yield any concrete results, it will be watched closely by developing countries looking to the Brics group - Brazil, Russia, India, China and South Africa - as a major counterweight to Western influence in global governan...
Burkina Faso South Africa Dilma Rousseff Carlos Lopes Steven Gruzd Cameron Hudson
Source: yahoo.com

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