The annual BRICS+ summit hosted by Russia in Kazan this October will draw further attention to the organization’s magnetic capacity to attract new members. Although no additional countries will be formally admitted to the group, a ‘partnership belt’ – more like a waiting room – is likely to be set up, comprising some or all of the countries that seem closest to joining: Saudi Arabia, Thailand, Turkey, Malaysia, Kazakhstan, Belarus and possibly Bangladesh. Beyond this group, there are more than 30 countries hoping to join in the future.
BRICS+ economies unite to target the dollar
The informal group of emerging markets may lack coherence, but ending the dollar’s dominance has become a theme – and digital currency innovations offer interesting possibilities, writes David Lubin.
