36 Countries Ready to Join BRICS Alliance in 2024

According to the most recent data 36 countries have aspired to join the BRICS alliance by 2024

According to the latest data, 36 countries have sought to join the BRICS alliance in 2024. South Africa’s Foreign Minister, Naledi Pandor, revealed that all 36 countries had formally expressed an interest in joining the group. All three dozen nations that have asked to join the association are emerging economies.

Recent events show that developing nations see the BRICS alliance as a potential group capable of improving their economies. BRICS is considering reducing its reliance on the US dollar and promoting local currencies for cross-border commerce. However, Pandor should have included the 36 nations interested in joining the BRICS alliance.

Consideration to Join BRICS Alliance Ongoing

Utilizing local currencies instead of the US dollar appeals to emerging countries. Most of them desire to strengthen their economies, and the way to do so is to give significance to their local currencies.

Furthermore, BRICS growth would be difficult since current members will vote on induction. All countries must first complete a series of conditions to join the alliance. Only a few of the 36 nations could be invited to join the BRICS alliance in 2024.

BRICS carefully considers what these 36 countries may provide to help the alliance grow. These countries must provide something economically or politically new to participate in the grouping.