Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-15-25
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BRICS Expansion in 2026: African Representation, De-Dollarization, and Global Power Shifts
The BRICS alliance is experiencing an unprecedented wave of growth, with 32 nations actively seeking membership. The BRICS Expansion 2026 initiative has accelerated momentum—especially from African nations—seeking greater representation and influence in global economic governance.
From 5 to 11 Members: A Rapid Growth Trajectory
BRICS now counts 11 full members, with recent additions including Egypt, Ethiopia, Iran, UAE, Indonesia, and Saudi Arabia (formally joining in July 2025).
This expansion marks a significant step toward challenging Western-dominated institutions and promoting multipolar economic frameworks.
South African Minister Ronald Lamola has been a driving force for African representation, lobbying for Nigeria and Angola as potential new members.
African Nations & the Push for Economic Sovereignty
BRICS membership offers infrastructure financing and reduced dependency on the U.S. dollar.
Egypt’s 2023 entry stands as a model, showcasing how BRICS membership can transform economic capabilities through local currency settlements and development funding.
Lamola emphasized unity, stating:
“We can only grow and expand as friends when we work together for the development of our mutual sister nations.”
De-Dollarization as a Strategic Priority
The New Development Bank (NDB) is central to BRICS’ de-dollarization strategy, with 30% of financing in local currencies to limit dollar exposure.
Since 2016, the NDB has funded 96 projects worth $32 billion, positioning it as one of the largest alternative financing institutions outside Western control.
This shift aligns with the bloc’s goal of building a resilient, multipolar financial system.
Future Expansion & Geopolitical Tensions
23 nations have submitted official applications, with Bahrain, Malaysia, Turkey, and Vietnam among top candidates.
Energy-rich countries are drawn to BRICS for oil cooperation and alternative financial structures.
Internal dynamics could slow expansion:
China & Russia advocate for rapid enlargement.
Brazil & India push for a more cautious, criteria-based selection process.
Global Backlash & Shifting Power
UN Secretary-General António Guterres criticized the Bretton Woods system, noting:
“This system was created by rich countries to benefit rich countries. Practically no African country was sitting at the table of the Bretton Woods Agreement.”President Trump’s tariff threats underscore Western concerns over BRICS’ growing influence.
Despite opposition, the bloc’s expansion and de-dollarization strategy continues to challenge U.S. dollar dominance in global trade.
@ Newshounds News™
Source: Watcher.Guru
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