BRICS Welcomes New Members: Saudi Arabia, Egypt, UAE, Iran, and Ethiopia

• In a significant development on January 1, Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia officially joined the BRICS group, expanding its membership to ten nations. The expansion, initially set to occur during the 15th BRICS summit in August 2023 in Johannesburg, South Africa, aims to enhance the group’s influence on the global stage. Argentina, initially invited, opted out in December.
• The newly enlarged BRICS now boasts a combined population of 3.5 billion and an economy exceeding $28.5tn, constituting around 28% of the global economy. While this growth signals a potential geopolitical shift, analysts express uncertainty over its impact on decision-making and overall group dynamics.

Also Read: Sports: Weekly Current Affairs Bitbank (January 8 to 14, 2024): In which sports category did Aman Sehrawat secure a gold medal at the 2024 Zagreb Open?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 02 Feb 2024 05:02PM