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Much expected from upcoming BRICS summit
As leaders of five emerging economies prepare to convene for the 15th BRICS summit on Aug 22 to 24 in South Africa, there are high expectations among observers about the outcomes of the meeting. It will be the first physical meeting of member countries, namely Brazil, Russia, India, China and South Africa since the COVID-19 pandemic, and many other countries are looking at BRICS as an engine to boost their own economic recovery. With the group's expansion expected to be announced during the summit, there is considerable interest in the criteria being used to choose new members and which countries would qualify. ... (full story)