BRICS summit invitation list – Who made it and who didn’t?

TL;DR Breakdown

  • The upcoming BRICS summit has invited 69 leaders, majorly from Africa and Global South bodies.
  • Key Western nations such as the U.S., U.K., and France are not invited.
  • Over 40 countries are interested in joining the BRICS group, 22 have already submitted applications.

Description

As the BRICS summit rears its head, an unusual narrative takes shape in the invitations list. Johannesburg is about to host a summit where the attendees will not only form a large chunk of the economic might of the global south but will also signify a shift in the geopolitical balance. This year’s summit, scheduled … Read more

As the BRICS summit rears its head, an unusual narrative takes shape in the invitations list. Johannesburg is about to host a summit where the attendees will not only form a large chunk of the economic might of the global south but will also signify a shift in the geopolitical balance.

This year’s summit, scheduled for late August, has a guest list that reads more like a roll call of African nations and major Global South bodies. Meanwhile, key Western nations are glaringly absent.

The guest list – Who’s in?

BRICS, the economic powerhouse bloc composed of Brazil, Russia, India, China, and the host South Africa, has elected to extend a warm welcome to 69 global leaders.

An unprecedented move, according to Anil Sooklal, the South African diplomat at the helm of BRICS affairs. The South African agenda is clear – foster development across the continent and push the envelope on the continental free trade agreement.

Thus, every African head of state finds their name on the invitation list. A surprising twist comes with an apparent snub to Western nations. Heavyweights such as the U.S., U.K., and France find themselves missing from the list.

A stark indication of a strategic shift, especially when France’s overture for an invitation, made by President Emmanuel Macron, met a cold response from Russia.

And now, who’s not?

An unusual surge in interest has seen the BRICS bloc field calls from a multitude of heads of state seeking invitations.

As per Sooklal, President Cyril Ramaphosa, the South African President, has taken the decision to make the summit as inclusive as possible for the entire African continent and Global South bodies, thus accounting for the expansive guest list.

Intriguingly, the group has intentionally decided to avoid extending invitations to Western countries. However, this should not be taken as a slight or a sign of unwillingness to engage with the global community.

The BRICS nations continue to address common issues and challenges with the global community, thereby maintaining an open dialogue.

Moreover, the BRICS bloc is witnessing a high level of interest from other nations keen on joining the group. Sooklal disclosed that over 40 countries have shown their interest, with 22 nations already forwarding their formal applications.

This broad engagement echoes the increasingly influential position of BRICS in the global economy and politics.

Discussions at the summit promise to stir the pot further, with topics such as ‘deepening interaction in trading in local currencies’ on the agenda. The attempt to loosen the dollar’s grip on international trade hints at a desire for greater financial autonomy among the member nations.

In the grand scheme of things, the upcoming BRICS summit is more than just an economic conference. It serves as a barometer of the shifting geopolitical landscape, with the Global South asserting itself more prominently on the world stage.

The carefully chosen guest list and the conspicuous absence of Western nations, whether by design or circumstance, is a reflection of this change. It will be interesting to see how this unfolds in the future.

With each passing year, the BRICS summit is becoming a more significant event in the global calendar, and the world is watching.

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:BRICS summit invitation list – Who made it and who didn’t?

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7月27日 04:00
Next 2023年7月27日 05:37

Related articles

  • Russian officials ditch iPhones en masse over US spying fears

    TL;DR Breakdown Russia has banned state employees from using iPhones and other Apple products for official work due to espionage concerns. The ban applies to all work-related activities, including email correspondence. Description In an interesting turn of events, the Russian Federation has established a stringent ban against the use of iPhones and other Apple products for official work-related activities among state employees. This new directive, which started to take effect recently, forms part of a broad crackdown against the Cupertino-based technology giant over escalating espionage concerns. The … Read more In an interesting turn of events, the Russian Federation has established a stringent ban against the use of iPhones and other Apple products for official work-related activities among state employees. This new directive, which started to take effect recently, forms part of a broad crackdown against the Cupertino-based technology giant over escalating espionage concerns. The iron curtain descends on Apple devices The Ministry of Industry and Trade was the first to implement the ban, with other government departments and Rostec, a state-owned enterprise, either planning to follow suit or having…

    Article 2023年7月17日
  • Uniswap price analysis: Once again, UNI/USD plunges as it reaches $5

    TL;DR Breakdown Uniswap price analysis shows bearish trend. Price lowers down to $5 during the day. Support found at the $4.88 level. According to the Uniswap price analysis, the bearish momentum is gaining further speed. Over the past week, there has been a notable downturn in price, and this downward trend persists today. The cryptocurrency’s value has plummeted to $5 today, resulting in considerable losses. Moreover, there is a high likelihood of the price breaking below the psychological threshold of $5. UNI/USD 1-day price chart: Bearish momentum speeds up The 1-day uniswap price analysis shows that the bears are trying to create a deficit of significant effect by exerting more pressure. The bears have successfully been able to strengthen their momentum, and have once again decreased the price level. This price has undergone deterioration and is now present at the $5 level. Meanwhile, the moving average (MA) is higher than the price value at $5.18 because of the downtrends in the past few weeks. The coin has lost a value of nearly three percent over the last 24 hours, and…

    Article 2023年5月25日
  • Solana Foundation releases update about its SOL token

    TL;DR Breakdown Solana Foundation has rejected the classification of its token by the SEC. The foundation says it will address concerns about its token. The Solana Foundation has recently stated on Twitter addressing the U.S. Securities and Exchange Commission’s (SEC) classification of its native token, Solana (SOL), as a security. The foundation expressed disagreement with the characterization of SOL and emphasized its commitment to engaging with policymakers to achieve legal clarity in the digital assets space. Solana Foundation rejects SEC’s classification of SOL SOL, Solana’s native and utility token, was publicly launched in March 2020. Token holders stake SOL to validate transactions through Solana’s consensus mechanism. Additionally, the token offers various utility functions such as receiving rewards, paying transaction fees, and enabling users to participate in governance. The SEC, in separate lawsuits filed against Binance and Coinbase on June 5 and June 6 respectively, classified the SOL token as a security. This classification is based on factors including the expectation of profits derived from the efforts of others, as well as how the tokens are being used and marketed. The…

    Article 2023年6月14日
  • Abracadabra looking to hike loan interest rate by 200% due to Curve exposure

    TL;DR Breakdown Abracadabra Money has proposed to raise the interest rate on its existing loans by 200% to address potential risks related to its exposure to Curve (CRV). The proposal has elicited diverse reactions from the crypto community, with Frax Finance executive Drake Evans referring to it as a “governance rug.” Description Abracadabra Money, a cross-blockchain lending platform, has proposed to raise the interest rate on its existing loans to address potential risks related to its exposure to Curve (CRV). This proposal has sparked varied responses within the community, with some expressing concerns about altering loan conditions while others view it as a strategic move to mitigate … Read more Abracadabra Money, a cross-blockchain lending platform, has proposed to raise the interest rate on its existing loans to address potential risks related to its exposure to Curve (CRV). This proposal has sparked varied responses within the community, with some expressing concerns about altering loan conditions while others view it as a strategic move to mitigate CRV exposure. Abracadabra loan interest rate could reach 200% Abracadabra protocol enables users to generate…

    Article 2023年8月3日
  • Tokenized assets not just for crypto fans anymore

    TL;DR Breakdown Tokenizing real-world assets is not just for major financial entities anymore; smaller crypto-native players are also joining the fray. The interest has expanded from just large institutions to include on-chain entities, like MakerDAO, that tokenize tangible assets. There’s a notable shift in the landscape with decreased interest rates making real-world assets more appealing for yields. Improved tokenization infrastructure is bolstering the appeal and credibility of real-world assets. Description It was once believed that tokenized assets were exclusively the brainchild of crypto-heads and blockchain buffs. But times have changed, and the narrative has taken an unforeseen twist. As we’ve inched closer to the end of this decade, the concept of tokenizing real-world assets (RWA) has captured the attention of not only mammoth financial entities … Read more It was once believed that tokenized assets were exclusively the brainchild of crypto-heads and blockchain buffs. But times have changed, and the narrative has taken an unforeseen twist. As we’ve inched closer to the end of this decade, the concept of tokenizing real-world assets (RWA) has captured the attention of not only…

    Article 2023年9月24日
TOP