Johannesburg: The 15th BRICS summit will be held in Johannesburg, South Africa from August 22-24, 2023. The summit will be hosted by South African President Cyril Ramaphosa. The leaders of Brazil, India, China, and South Africa are expected to attend the summit, while Russian President Vladimir Putin will participate virtually due to the ongoing war in Ukraine.
The agenda for the summit is expected to cover a wide range of issues, including: trade and investment facilitation, sustainable development, innovation, global governance reform, and the BRICS’s controversial proposition of a new, gold-backed currency.
The summit is also expected to discuss the ongoing war in Ukraine and its impact on the global economy. The BRICS countries have condemned the war and called for a peaceful resolution. However, they have also been careful not to criticize Russia too harshly, as they do not want to jeopardize their own economic interests.
The 15th BRICS summit is taking place at a time of great uncertainty in the global economy. The war in Ukraine has caused energy prices to rise and disrupted supply chains. The COVID-19 pandemic is still ongoing, and many countries are facing rising inflation.
In this context, the BRICS countries are looking to strengthen their cooperation and coordination. They believe that by working together, they can help to mitigate the impact of these challenges and promote global economic growth.
The 15th BRICS summit is also expected to discuss the expansion of the BRICS bloc. South Africa was the last country to join the group in 2010. There have been calls for other countries, such as Argentina, Indonesia, and Iran, to be invited to join. However, no decision on expansion is expected to be made at this summit.
The 15th BRICS summit is a significant event that will have a major impact on the global economy. The leaders of the BRICS countries will be looking to find ways to cooperate and coordinate in order to address the challenges facing the world today.
In addition to the leaders of the BRICS countries, the summit will also be attended by the leaders of 67 other countries, including 53 other African countries, Bangladesh, Bolivia, Indonesia, and Iran. This shows the growing importance of the BRICS bloc and its potential to shape the future of the global economy.