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Algeria is the Latest Developing Country to Get in Line to Join the BRICS Group

China's President Xi Jinping (L), Russia's President Vladimir Putin (2nd L), Brazil's President Jair Bolsonaro (C), India's Prime Minister Narendra Modi (2nd R), and South Africa's President Cyril Ramaphosa (R) attend to a meeting with members of the Business Council and management of the New Development Bank during the BRICS Summit in Brasilia, November 14, 2019. Pavel Golovkin / POOL / AFP

The Algerian Ministry of Foreign Affairs officially submitted its application this week to become a new member of the BRICS club. Algeria now joins a growing list of developing countries, including Argentina, Saudi Arabia, and Iran, that all want to join the Chinese-initiated group.

The BRICS group accounts for 25% of global GDP and 40% of the world’s population and is now increasingly viewed by many developing countries as a rival to the G7 and other Western-led blocs.

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