BRICS, an acronym representing Brazil, Russia, India, China, and South Africa, constitutes a consortium of influential global economies. This transformation seeks to centre the narratives and viewpoints of the Global South, elevating them to a pivotal stance within the global dialogue. Implications of BRICS permanent membership for African nations like Ethiopia and Egypt. In parallel to these international financial institutions, the NDB, formerly the BRICS Development Bank, operates as a multilateral entity established by the BRICS nations. It serves as a distinct signal of a transformative shift in global power dynamics, concurrently acknowledging the pivotal significance and untapped potential residing within the Global South.

Source: The North Africa Journal August 26, 2023 02:54 UTC