36 Developing Countries Apply to Join BRICS Alliance, Seeking Growth Opportunities Beyond US Dollar

• 36 countries have applied to join the BRICS alliance in 2024 • All 36 countries are developing economies looking for growth opportunities • BRICS is exploring ways to reduce dependence on the US dollar • Prospect of using local currencies instead of US dollar appeals to developing countries • Not all 36 countries may receive invitation to join BRICS, as existing members will evaluate applications