Bitcoin News and Finance
23 Countries Apply for BRICS Membership as Leaders Prepare to Convene at Summit Skip to main content

23 Countries Apply for BRICS Membership as Leaders Prepare to Convene at Summit

23 Countries Apply for BRICS Membership as Leaders Prepare to Convene at Summit

South Africa, the host of the BRICS summit this year, has published a list of 23 countries that have applied to become members of the economic bloc. Moreover, South African President Cyril Ramaphosa has invited 67 leaders and 20 representatives of major organizations to the BRICS summit. French President Emmanuel Macron, however, is not invited.

23 Countries Apply to Join BRICS

South Africa’s Minister of International Relations and Cooperation, Naledi Pandor, revealed at a briefing on the upcoming BRICS summit on Monday that 23 countries have officially applied to join the economic bloc.

The BRICS summit will take place on Aug. 22-24 in Johannesburg. South Africa is hosting the BRICS summit this year. South Africa’s President Cyril Ramaphosa, China’s President Xi Jinping, Brazil’s President Luiz Lula da Silva, and Indian Prime Minister Narendra Modi are expected to attend. However, Russian President Vladimir Putin will not attend in person.

According to the South African official, the 23 countries that have applied for BRICS membership are Algeria, Argentina, Bangladesh, Bahrain, Belarus, Bolivia, Venezuela, Vietnam, Cuba, Honduras, Egypt, Indonesia, Iran, Kazakhstan, Kuwait, Morocco, Nigeria, State of Palestine, Saudi Arabia, Senegal, Thailand, United Arab Emirates, and Ethiopia.

Pandor noted that at the summit, the leaders of the BRICS countries will be presented with a special report on the principles of expanding the association and a list of countries that want to join the economic bloc. Noting that “BRICS leaders will discuss the expansion of the organization at the summit,” she clarified:

It is the leaders who will make the final decision on this issue.

“We remember that South Africa was the first country to be admitted to the association after its creation. As the BRICS chairman, South Africa will negotiate at the summit on the expansion model and its principles and criteria. We are gradually moving towards a consensus on BRICS expansion and we hope that it will be reached at the summit,” Pandor continued.

67 Leaders and 20 Representatives Invited to BRICS Summit

The South African foreign minister further revealed on Monday that South Africa’s President Cyril Ramaphosa, with consensus support from his fellow BRICS leaders, has invited 67 leaders of countries in Africa, Latin America, Asia, and the Caribbean to the summit.

Moreover, she added that 20 representatives of major international organizations have been invited to the BRICS summit, including the secretary-general of the United Nations, the chairperson of the African Union Commission, and the president of the New Development Bank, also known as the BRICS Bank. Furthermore, invitations have been extended to the chairs and executive heads of African Regional Economic Communities and African financial institutions, as well as to the Secretary General of the African Continental Free Trade Area Secretariat and the CEO of the African Union Development Agency.

The South African official further shared that 34 countries have confirmed their participation. However, she noted French President Emmanuel Macron was not invited. Macron earlier expressed interest in attending the economic bloc’s summit.

What do you think about 23 countries applying to join the BRICS economic bloc? Let us know in the comments section below.

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory