Algeria has applied to join the BRICS group of nations, which comprises Brazil, Russia, India, China, and South Africa. The North African country would contribute $1.5 billion to the BRICS Bank, a financial institution that was created by the BRICS countries in 2014.
Algeria’s decision to apply to join BRICS is seen as a move to diversify its economy and strengthen its ties with other emerging economies. The country is rich in oil and gas resources, but it is also seeking to develop its other sectors, such as agriculture and tourism.
Membership in BRICS would give Algeria access to a larger market and would allow it to participate in joint projects with other BRICS countries. It would also boost Algeria’s diplomatic status and would give it a greater voice in international forums.
The BRICS countries have been cooperating on a number of issues, including trade, investment, and security. They have also been working together to promote their interests in international organizations, such as the United Nations.
Algeria’s application to join BRICS is likely to be welcomed by the other BRICS countries. The country’s membership would strengthen the group and would give it a greater presence in Africa.
Algeria is a major oil and gas producer, but it is also seeking to develop other sectors of its economy, such as agriculture and tourism. Membership in BRICS would give Algeria access to a larger market and would allow it to participate in joint projects with other BRICS countries.
While BRICS is a group of emerging economies, Algeria’s membership would allow it to strengthen its ties with these countries. This would be beneficial for Algeria’s economy and would also give it a greater voice in international forums.
Membership in BRICS would boost Algeria’s diplomatic status and would give it a greater voice in international organizations, such as the United Nations. This would be beneficial for Algeria’s interests on a number of issues.
The decision of whether or not to admit Algeria to BRICS will be up to the other BRICS countries. However, it is likely that they will welcome Algeria’s application, as it would strengthen the group and give it a greater presence in Africa.