BRICS

  • Argentine President has officially rejected an invitation to join the BRICS grouping of major emerging economies.
  • The BRICS bloc, consisting of Brazil, Russia, India, China, and South Africa, announced the admission of six new members, including Argentina, in August.
  • The membership of Argentina, along with Ethiopia, Iran, Saudi Arabia, Egypt, and the United Arab Emirates, was scheduled to take effect from January 1, 2024.
  • President Milei, a libertarian outsider who recently took office after defeating traditional political parties, had pledged during his campaign not to join BRICS.
  • Letters sent by Milei to BRICS leaders stated that Argentina's membership was deemed "not considered appropriate at ....
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