BRICS was shining in the past few days in India; they came from all parts of the world. BRICS, is a new name that is moving fast to bring a new global regime. Interestingly, it is growing steadily and finds vast welcome everywhere in many parts of the world.
In this name, B stands for Brazil, R for Russia, I for India, C for China and S for South Africa. They are the founding members, and in 2024 many other countries joined the grouping including Saudi Arabia, Egypt, UAE, and Ethiopia.
BRICS, as a new economic forum called for by such countries to represent a new world order for the future. Now, it represents more than half of the population of the globe and about 25% of the economy and natural resources. Interestingly, even some European countries are knocking the door of the club for membership.
As a matter of history, after World War II, certain forums were established including the UN. Those international agencies were initially established to help in reshaping the world after the massive destruction that happened due to the World Wars. However, it becomes clearly evident that many countries are not happy regarding the performance of the "big” international agencies.
BRICS calls loudly for reformation of the international institutions and order, and the enforcement of international justice mechanism, particularly the role of the agencies such as International Monetary Fund and World Bank. In BRICS, they advocate for immediate reformation as the performance of such agencies clearly shows drastic failure in adopting fair international agenda for the betterment of all countries people.
BRICS calls for the involvement of all and likewise calls for dismantling the solo grip cemented around the international agencies. In this respect they call for the involvement of all countries, a call that should cover all political, economic and social affairs.
To streamline this, in a new positive clear action, they formed a new financial and credit agency with very big capital, and they are working for a unified currency, unified banknote, and unified projects to help all countries and all people around the world. This will shake-up the current economic strategy and a new strategy will come up with a new look.
All are invited and such invitation is finding overwhelming support from all parts of the world. Even from many big countries such as Japan, England, Indonesia, Malaysia, they all expressed their desire to join hands with BRICS.
The new look and new movement for the world as called for by BRICS have already started and will never stop. The train is cruising slowly but steadily towards the "new world” platform.
Many countries with special location, special abundant natural resources including water, land, livestock, gold, oil and other precious metals, special human resources, among other things, have the required eligibility to join BRICS. Moreover, the relations between such countries and BRICS countries seem to be in good shape and pave the way for them to join.
The BRICS stand represents the new era for new collaboration and harmony in all matters that affect our generation as well as the coming generations. A genuine stand that will find the support of all, irrespective of the political, ethnical, economic and social differences.
Dr AbdelGadir Warsama Ghalib is a corporate legal counsel.