Emmanuel Macron aims to join BRICS summit in South Africa

TL;DR Breakdown

  • French President Emmanuel Macron is planning to attend the BRICS summit in Johannesburg, marking a historic diplomatic move.
  • His participation is unconfirmed, but the intention reflects his vision for a fairer financial system globally.
  • Concurrently, he has announced a Paris-based summit for discussing a more balanced financial partnership between the Global South and North.

Leading the way in an unprecedented diplomatic move, French President Emmanuel Macron appears to be positioning himself on a new global chessboard, displaying an interest in attending the BRICS summit in Johannesburg this summer.

This engagement with a consortium typically viewed as challenging the global leadership of the United States signifies a potential new direction for France and reflects Macron’s vision for a fairer financial system.

Macron’s interest in BRICS

According to undisclosed sources, Macron seems keen on interfacing with the heads of state from the BRICS nations, a grouping of emerging economies including Brazil, Russia, India, China, and South Africa.

While Macron’s participation remains unconfirmed, insiders reveal that the French government is actively exploring this possibility. Such a move would be historic, with him becoming the first French leader to meet with the heads of the BRICS nations at their annual summit.

The conjectures about Macron’s potential participation stem from a recent phone call between the French President and his South African counterpart, Cyril Ramaphosa.

Although Macron’s request for an invitation to the summit remains unanswered, there is a strong feeling among observers that this could be a game-changer in international relations. South Africa, which hosts the summit this year, reserves the right to extend an invitation.

Vision for a fairer financial system

Simultaneously, Macron has announced a Paris-based summit set to discuss a new “fairer and more solidarity-based” financial system.

Slated for late June, this gathering will involve around 40 heads of state and government, along with leaders of major international organizations and representatives of global financial institutions.

France’s foreign ministry has elucidated that this ‘Summit for a New Global Financing Pact’ will pave the way for a more balanced financial partnership between the Global South and North.

This summit hints at Macron’s vision for an overhauled financial system, which reflects the rise of southern powers and aims to prevent economic fragmentation with Western nations.

Macron’s idea is to empower more countries to access necessary financing to fuel sustainable development and combat over-indebtedness.

Despite the speculations surrounding Macron’s request to join the BRICS summit, his intention to participate is perceived as a positive move in the global community.

It signifies the recognition of BRICS’ increasing global influence, even if France is not a member of the organization. The president’s attendance could help enhance the bloc’s profile and contribute to more substantive outcomes.

Although the possibility of Macron attending the BRICS summit remains uncertain, it is clear that he is looking to carve out a distinct path for France on the global stage.

If allowed, his presence at the BRICS summit could offer a unique perspective and act as a bridge between Western nations and the emerging economies of the BRICS bloc.

Amid all these, it is clear that Macron is not merely an observer in international politics, but an active player, willing to cross conventional boundaries to shape a more equitable global future.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Emmanuel Macron aims to join BRICS summit in South Africa

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月19日 15:36
Next 2023年6月19日 17:00

Related articles

  • Binance launches new crypto exchange in Kazakhstan amid regulation trouble

    TL;DR Breakdown Binance is expanding its presence in Kazakhstan by launching a regulated digital asset platform Binance’s latest move comes amid regulatory trouble in the United States and several European countries Description The largest cryptocurrency exchange Binance is expanding its presence in Kazakhstan with the launch of a local exchange amid ongoing regulatory concerns in the United States. The move follows Binance obtaining a license from the AIFC Financial Services Authority (AFSA) in October 2022, allowing the company to manage a digital asset platform and provide custodial … Read more The largest cryptocurrency exchange Binance is expanding its presence in Kazakhstan with the launch of a local exchange amid ongoing regulatory concerns in the United States. The move follows Binance obtaining a license from the AIFC Financial Services Authority (AFSA) in October 2022, allowing the company to manage a digital asset platform and provide custodial services at the Astana International Financial Center (AIFC). In addition, the license qualifies Binance as a regulated platform in Kazakhstan. Launching Binance’s new exchange  Binance’s launch announcement was made earlier at a press event, with…

    Article 2023年6月24日
  • Lawyers claim Ripple’s resounding win is not a definitive victory for the industry

    TL;DR Breakdown Ripple Labs’ recent victory against the United States SEC is being hailed as a significant blow to the regulator’s “war on crypto.” However, legal experts caution that it is not a definitive victory for the industry as a whole. Stephen Palley, a partner at the law firm Brown Rudnick, pointed out that the summary judgment is only “partial” and that Judge Torres’ ruling does not establish a precedent.  In addition, Ripple will still need to address the SEC’s claim that Ripple CEO Brad Garlinghouse and co-founder Chris Larsen “aided and abetted” the institutional sale of XRP. U.S.  Description Ripple Labs’ recent victory against the United States Securities and Exchange Commission (SEC) is being hailed as a significant blow to the regulator’s “war on crypto.” However, legal experts caution that it is not a definitive victory for the industry as a whole. In a landmark ruling on July 13, Judge Torres determined that XRP, … Read more Ripple Labs’ recent victory against the United States Securities and Exchange Commission (SEC) is being hailed as a significant blow to the…

    Article 2023年7月15日
  • Core Scientific’s chapter 11 plan paving the way for Bitcoin mining titan’s resurgence

    TL;DR Breakdown The Chapter 11 plan was submitted to the Houston Division of the Southern District of Texas Bankruptcy Court. With this strategy, Core Scientific has communicated its vision for the future of the business and its goal to reach a mutual understanding with all significant stakeholders. According to the bankruptcy plan, creditors who have valid claims against the debtor-in-possession will be paid in full. The Chapter 11 bankruptcy plan, at its core, provides a roadmap for how the business intends to restructure and pay off its debts. Description Core Scientific, a Bitcoin mining company facing serious difficulties due to the current bankruptcy procedures, has taken a decisive step to ensure its long-term viability. The company has recently filed for Chapter 11 bankruptcy protection in order to demonstrate its commitment to reorganizing its business and pleasing its creditors. The Chapter 11 plan was submitted … Read more Core Scientific, a Bitcoin mining company facing serious difficulties due to the current bankruptcy procedures, has taken a decisive step to ensure its long-term viability. The company has recently filed for Chapter 11…

    Article 2023年6月24日
  • Legal battle erupts over EU’s groundbreaking digital rules

    TL;DR Breakdown The Digital Services Act (DSA) is facing its first legal challenge from Zalando, Europe’s largest online fashion retailer. Zalando argues that it’s unfairly labelled as a “very large platform” which incurs extra obligations to tackle online disinformation. Description The vanguard legislation of the European Union (EU) crafted to impose stringent regulations on major technology companies, compelling them to intensify content monitoring on their platforms, is now caught in the crosshairs of its maiden legal tussle. The dispute arose from a claim made by Europe’s premier online fashion powerhouse that it is being disproportionately … Read more The vanguard legislation of the European Union (EU) crafted to impose stringent regulations on major technology companies, compelling them to intensify content monitoring on their platforms, is now caught in the crosshairs of its maiden legal tussle. The dispute arose from a claim made by Europe’s premier online fashion powerhouse that it is being disproportionately affected by the new edicts. A surprising challenger steps forward Zalando, a German-based company, incited this legal battle on Tuesday by lodging a complaint at the EU’s…

    Article 2023年6月29日
  • Beijing plans to train 10,000 talents annually in blockchain, AI, and other digital technologies

    TL;DR Breakdown Beijing’s municipal government has unveiled an ambitious plan to annually train 10,000 talents in emerging tech sectors, including AI, blockchain, and big data, aiming to become a leading player in the global digital landscape. The initiative also involves revamping the talent evaluation system, creating “chief data officer” roles, advanced training programs for corporate managers, and digital skills enhancement for the industrial workforce. The plan includes provisions for new talent assessment methods in the digital economy, proposing a professional title evaluation major and a technical-level assessment based on national occupational standards. Description In an unprecedented move set to redefine the digital landscape, Beijing’s municipal government has announced its ambitious initiative to train 10,000 engineering talents in emerging technologies annually. Revealed in a government document by the Beijing Municipal Human Resources and Social Security Bureau, the tech talents will specialize in burgeoning sectors, including blockchain, artificial intelligence (AI), … Read more In an unprecedented move set to redefine the digital landscape, Beijing’s municipal government has announced its ambitious initiative to train 10,000 engineering talents in emerging technologies annually. Revealed in…

    Article 2023年7月18日
TOP