BRICS Strive to Counter US With Expansion, Shared Currency
- Bloc’s ministers meet in Cape Town as nations line up to join
- South Africa in a bind over Putin attendance at August summit
The BRICS group of emerging markets is ramping up its bid for greater global influence and to challenge the US, sensing a moment to capitalize on a splintering world order to build out its ranks beyond Brazil, Russia, India, China and South Africa.
Foreign ministers from BRICS nations meeting over two days in Cape Town starting Thursday will be joined by counterparts from countries including Saudi Arabia, the United Arab Emirates, Egypt and Kazakhstan. On the agenda is expansion, with as many as 19 countries aspiring to join, and the potential establishment of a common currency.