BRICS+ and the emerging new world order
Toward a just and sustainable world of peace and prosperity
The XVI BRICS Summit, held under the theme of “Strengthening Multilateralism for Just Global Development and Security,” met in Kazan, Russian Federation, from October 22 to October 24, 2024. Delegations from thirty-five countries and six international organizations participated in the Summit.
BRICS was established as an intergovernmental economic-commercial association in 2009 by Brazil, Russia, India, and China, with South Africa joining in 2010. On January 1, 2024, BRICS officially expanded its membership to include Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, and Iran. The Sixteenth Summit in Russia was the first summit of the expanded BRICS, often referred to as BRICS Plus or BRICS+.
There were three important developments in the Kazan Summit. First, an evident deepening of the commitment of BRICS to construct an alternative, multilateral and more just world order. Secondly, the creation of an alternative method of payment among the BRICS nations, which av…