BRICS Expansion: Potential Countries on the Crypto Horizon?

• BRICS Alliance Expansion: A Look at Potential New Members
• The 2023 BRICS Summit: Initial Expansion
• BRICS Growth: The Expansion Continues
• Potential New Members: Who could join BRICS in 2024?
• Predicting BRICS 2024: A Classification of Prospective Countries
• Countries that have applied for BRICS membership:
• Countries expressing an interest in joining the bloc:
• BRICS Alliance: The Road Ahead

BRICS Alliance Expansion: A Look at Potential New Members

In 2023, the BRICS bloc, consisting of Brazil, Russia, India, China, and South Africa, sparked global interest by extending membership invitations to six countries to join their economic coalition. The move signals another imminent expansion, stirring speculation about the alliance's future composition.

The 2023 BRICS Summit: Initial Expansion

The BRICS bloc extended invitations to Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, Argentina, and Ethiopia during its 2023 summit. However, Argentina was the only country to decline the offer by the beginning of 2024. As the 2024 summit approaches, several countries have publicly expressed their interest in joining the economic grouping.

BRICS Growth: The Expansion Continues

In the previous year, the BRICS alliance's growth has been a significant point of discussion. Widely recognized as a key geopolitical event, the bloc doubled its membership from five to ten. The alliance anticipates maintaining this growth trajectory. Just a few months ago, India confirmed the alliance's agreement to a six-nation expansion plan.

Potential New Members: Who could join BRICS in 2024?

With the expansion initiative in place, the question now revolves around the likely candidates for the next BRICS expansion. Numerous nations have expressed their interest in joining, while others have signified their alignment with the broader BRICS objectives. But, who among them could receive an invitation to the forthcoming 2024 annual summit?

Predicting BRICS 2024: A Classification of Prospective Countries

To postulate potential new members, the interested countries can be segregated into two categories. Firstly, countries that have officially applied for membership. Secondly, nations expressing an interest in participating in the expansion plan.

Countries that have applied for BRICS membership:

[List of Countries]

Countries expressing an interest in joining the bloc:

[List of Countries]

BRICS Alliance: The Road Ahead

Among these nations, many could add value to the alliance's mission. While numerous countries could potentially join, it is anticipated that BRICS will stick with its expansion strategy of inviting six new members. By the end of 2024, the BRICS alliance is likely to comprise far more than its current ten members.

Edited by Jonathan Stoker