Category: BRICS
WEEK IN REVIEW: China’s Top Diplomat Wang Yi Will Travel to Africa Next Week
China’s top diplomat Wang Yi will travel to Africa next week. He is attending a meeting of BRICS national security advisors in Johannesburg on 24 and 25 July. In addition to South Africa, he will also visit Nigeria, Kenya, and Türkiye. (CHINESE MINISTRY OF FOREIGN AFFAIRS)
Are the BRICS a Bloc? A Group? A Threat? It All Depends on Where You Sit.
If you haven't watched Netflix’s popular TV show, the Diplomat, do not worry. In 2023, international diplomacy in the real world seems more thrilling and dramatic. With the approaching of this year’s BRICS (i.e., Brazil, China, India, South Africa, and Russia) Summit to be held in Johannesburg, ...
Algerian President In China to Push BRICS Membership, Economic Engagement
Algeria’s President Abdelmajid Tebboune is on a state visit to China. The visit, which will occupy most of the week, is seen as an attempt to raise Algeria’s international prominence and diversify its economy. Tebboune, who spent two days in Qatar on the way ...
Chinese Expert Pours Cold Water on Ethiopia’s BRICS Dream
In June, Ethiopia joined about twenty other emerging economies in applying to join the BRICS group, made up of Brazil, Russia, India, China and South Africa. As with South Africa’s late entry into the group, China’s support is a key determinant of ...
WSJ: Shanghai-Based New Development Bank “Fighting For Its Very Survival”
The Chinese-initiated New Development Bank (aka "BRICS Bank") is reportedly facing a severe liquidity crisis as Wall Street has backed away from supporting a bank that's 20% owned by Russia, according to a report in the Wall Street Journal. That's made ...
WEEK IN REVIEW: Chinese President Xi Jinping Expressed Support for South Africa to Remain Host for BRICS Summit in August
Chinese President Xi Jinping expressed support for South Africa to remain host for the upcoming BRICS summit in August. Xi's comments during a call with his SA counterpart Cyril Ramaphosa on Friday indicate he may not support a change in venue that would reduce pressure on Pretoria to ...
WEEK IN REVIEW: Xiomara Castro, President of Honduras, to Travel to China for First Visit Since Switch of Diplomatic Relations From Taiwan
Xiomara Castro, the president of Honduras, will travel to Beijing this week for her first visit to China since her government switched diplomatic relations from Taiwan to the People’s Republic. Coffee trade is expected to be on the agenda and she will reportedly sign several (as-yet undefined) cooperation ...
BRICS FM Gathering Ends With Few Specifics Other Than a Renewed Appeal for Multipolarity
A two-day gathering in Cape Town of representatives from the five founding members of the BRICS group joined by foreign ministers from ten other major developing countries ended on Friday with a sweeping joint statement that called for a rebalancing of the global order away from the ...
Russia’s Foreign Minister Arrives in Cape Town for BRICS Meeting, Qin Gang a No Show
Russian Foreign Minister Sergey Lavrov and his Indian counterpart S. Jaishankar arrived in Cape Town on Wednesday to participate in this week's planning meeting for the upcoming BRICS leaders summit in August. Qin Gang, China's foreign minister, will be noticeably absent, with ...
New Development Bank Wants to Finance More Projects Using Local Currencies Rather Than the U.S. Dollar
The New Development Bank (aka the "BRICS Bank") wants to reduce the use of the U.S. dollar when it finances projects in developing countries. The head of the Shanghai-based lender, Dilma Rousseff, told the bank's annual meeting this week that the ...
Russia Not the Only Big Issue At BRICS Foreign Ministers’ Meeting This Week
The Foreign Ministers of the BRICS group will meet in Cape Town, South Africa, on Thursday. The meeting is an important step towards the BRICS summit in August. The South African government announced this week that attendees to both this week’s FM meeting ...
The Uphill Journey to a BRICS Currency
The South African government announced in May that discussions around setting up a common currency will be on the agenda of the BRICS summit in August. Calls for the bloc, made up of Brazil, Russia, India, China, and South Africa, to work together to boost non-dollar trade have ...