No new BRICS bank members to be announced at summit: CFO

The New Development Bank of the BRICS group will not be announcing new members at the BRICS Summit in South Africa, according to Leslie Maasdorp, the bank's Chief Financial Officer, who stated that the process of ratifying new countries is happening without the bank's involvement.

reuters.com

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8/22/2023

BRICS Crafting Massive Expansion Agreement With Dozens of Countries Looking to Join: Official - The Daily Hodl

The BRICS economic coalition is close to expanding its membership, with criteria and procedures already in place, according to South Africa's Ambassador to BRICS, Anil Sooklal.

8/24/2023

BRICS: 6 more countries become members; Argentina, Iran, UAE, Saudi Arabia, Ethiopia, Egypt join in

Six new countries, including Argentina, Iran, the United Arab Emirates, Saudi Arabia, Ethiopia, and Egypt, have become members of the BRICS alliance, as announced by South African President Cyril Ramaphosa during the summit.

8/23/2023

15 Countries Seeking to Join BRICS Bank as Summit Begins

The BRICS New Development Bank is receiving applications from 15 countries to join, as it aims to lessen its dependence on the US dollar and prioritize local currency lending.

8/24/2023

BRICS payment system would not replace SWIFT -S.Africa finance minister

South Africa's finance minister says that the BRICS grouping will not replace international payment systems like SWIFT but will explore creating one that strengthens trade in local currencies.

8/24/2023

BRICS bank can help African countries tackle urgent challenges

The New Development Bank created by BRICS countries in 2015 can provide financial support for African countries' projects to address urgent challenges, according to former Brazilian President Dilma Rousseff.

8/25/2023

South Africa Makes Huge Announcement on Second Phase of BRICS Expansion

The BRICS alliance has inducted six new countries into the bloc during the summit in Johannesburg, and South Africa's President Cyril Ramaphosa has confirmed that a second phase of expansion will follow in the coming months.

9/13/2023

BRICS Expands But Internal Rivalries Threaten Energy Alliance

The BRICS group invited six new members, including Saudi Arabia and the United Arab Emirates, indicating a move towards energy dominance and diversification, but internal divides and strategic rivalries within the bloc may hinder its ability to challenge the current global energy order.

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Posted 8/23/2023, 11:24:00 AM

No new BRICS bank members to be announced at summit: CFO

reuters.com

Relevant topic timeline:

8/22/2023

BRICS Crafting Massive Expansion Agreement With Dozens of Countries Looking to Join: Official - The Daily Hodl

The BRICS economic coalition is close to expanding its membership, with criteria and procedures already in place, according to South Africa's Ambassador to BRICS, Anil Sooklal.

8/24/2023

BRICS: 6 more countries become members; Argentina, Iran, UAE, Saudi Arabia, Ethiopia, Egypt join in

8/23/2023

15 Countries Seeking to Join BRICS Bank as Summit Begins

The BRICS New Development Bank is receiving applications from 15 countries to join, as it aims to lessen its dependence on the US dollar and prioritize local currency lending.

8/24/2023

BRICS payment system would not replace SWIFT -S.Africa finance minister

South Africa's finance minister says that the BRICS grouping will not replace international payment systems like SWIFT but will explore creating one that strengthens trade in local currencies.

8/24/2023

BRICS bank can help African countries tackle urgent challenges

8/25/2023

South Africa Makes Huge Announcement on Second Phase of BRICS Expansion

9/13/2023

BRICS Expands But Internal Rivalries Threaten Energy Alliance