By john The recent expansion of BRICS — now BRICS+ — marks a pivotal moment in global economic politics. With new members such as Saudi Arabia, Indonesia, Egypt, and Argentina joining the bloc, the alliance now represents more than half of the world’s population and Naga169 aman nearly 40% of global GDP.
Originally conceived as a platform for emerging economies to counter Western financial dominance, BRICS+ is now pushing for alternative trade systems, digital currencies, and development banks that operate outside the U.S.-led order.
At the 2025 summit in Johannesburg, leaders announced plans for a “South-South Financial Network” aimed at reducing reliance on the dollar. The move has drawn both enthusiasm and skepticism from global markets.
Supporters hail it as a step toward multipolar equity, while critics warn of fragmentation and inefficiency. “The challenge for BRICS+,” said economist Daniela Ruiz, “is translating political solidarity into coherent economic policy.”
Whether BRICS+ becomes a credible alternative or merely a symbolic coalition will depend on its ability to align diverse interests — from China’s strategic ambitions to Africa’s development priorities.