By strategicynegocios.net

Panama will seek to join the BRICs+ group as an “observer”, a group consisting of Brazil, Russia, India, China, and South Africa. The information was confirmed exclusively to Panama Star by Chancellor Janaina Tewaney.

Panama’s possible entry, as an observer, is marked by the group’s recent entry of: Argentina, Saudi Arabia, Egypt, Ethiopia, the United Arab Emirates and Iran, which will become full members starting January 1, 2024.

The six states were selected from more than 40 states that had applied to join the club.

These countries represent more than 42% of the world’s population and 30% of the earth’s territory, as well as 23% of Gross Domestic Product (GDP) and 18% of world trade.

Brics+ is a group that is politically and economically opposed to the G7 – which consists of France, Italy, Japan, Britain, Germany and the United States.

With your decision, Panama will come closer to those arguing for United States leadership.

NEW BANK

BRICS created the New Development Bank (NDB) in 2015 with the ambition of representing an alternative to the World Bank and IMF.

The Shanghai-based institution has so far invested US$30 billion in infrastructure and sustainable development projects in member countries and developing countries.

Former president of Brazil Dilma Rousseff He was elected bank president.

NEW CURRENCY

During the Russia-India Strategic Partnership for Development and Growth Business Forum, which took place in New Delhi, the deputy chairman of the Russian State Duma, Alexander Bobakov, announced that the BRICS countries are working on creating a new digital currency. “or another completely new form of currency” for international payments “in the near future,” according to Sputnik Mundo.

WHO ARE THE BRICS COUNTRIES?

The acronym denotes five developing countries (Brazil, Russia, India, China, and South Africa).