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Fernandez added that joining the bloc would be a "great opportunity" to strengthen the nation, which has been in economic crisis with a weakened currency, dried-up foreign reserves and spiraling inflation. Argentina wanted to join BRICS - a group currently made up of Brazil, Russia, India, China and South Africa - because of the bloc's geopolitical and financial importance during a difficult global context, Fernandez said in a speech.

Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the clout of a bloc that has pledged to champion the "Global South". Expansion could also pave the way for dozens of interested countries to seek admission to BRICS - currently Brazil, Russia, India, China and South Africa - at a time when geopolitical polarisation is spurring efforts by Beijing and Moscow to forge it into a viable counterweight to the West. The new candidate members were announced by South Afr...

BRICS leaders on Wednesday will debate admitting new members to their five-nation bloc as it pursues a bigger role in shaping world affairs it sees as dominated by western powers."The world is changing," said South African President Cyril Ramaphosa at the opening of the plenary session of the BRICS on Wednesday. 

Agreement on expansion paves the way for dozens of interested candidate nations to make their case for joining the grouping. | World News

In this article, we will list the leading aid-giving nations that generously contribute to humanitarian and social causes. If you want to skip our overview of the global foreign aid situation, read 10 Countries that Give the Most Foreign Aid Per Capita. Countries that give the most foreign aid per capita are Luxembourg, Norway, Sweden, and Denmark, along […]