SAEDNEWS: Venezuela is interested in taking part in projects being discussed by the BRICS grouping, Venezuelan President Nicolas Maduro said.
According to SAEDNEWS, The BRICS alliance, a major economic grouping of nations from the Global South, has made significant strides in recent months. The bloc has been working on setting up a multicurrency system and an alternative to SWIFT, the international financial messaging system.
Venezuela is on the verge of joining the BRICS group, bringing its vast resources and oil reserves into the fold. The country's Executive Vice President, Delcy Rodriguez, has confirmed that Venezuela is at the doorstep of joining the BRICS group, and has welcomed the opportunity to work with other emerging economies.
BRICS is a major economic alliance founded by Russia, China, India, and Brazil, with South Africa joining later. The bloc has recently undergone a major expansion, adding five new developing nations to its ranks. These new members include Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia.
The expansion is seen as a significant step towards achieving the bloc's multipolar goals. The addition of these new members is expected to have massive geopolitical ramifications, as they could play a crucial role in shaping the global economy.
In recent years, BRICS has been working on various initiatives aimed at promoting global economic cooperation. The bloc has fast-tracked several initiatives, including its de-dollarization plans and first-ever expansion bid. The successful implementation of these initiatives will likely have far-reaching implications for global trade and finance.
As BRICS continues to evolve and expand, it is likely to become an increasingly important player in global economic affairs. The alliance's commitment to promoting global economic cooperation and multipolarity is likely to have significant implications for the global economy in the years to come.
