The 17th BRICS Summit is set to take place in Rio de Janeiro, Brazil, from July 6 to 7, 2025. Originally formed by four major emerging economies—Brazil, Russia, India, and China—the group was known as BRIC. It became BRICS with the addition of South Africa in 2010.
Now, BRICS is expanding again. By 2025, the group will include 11 member countries and 10 partner nations, marking a significant shift in global economic dynamics. This expansion reflects BRICS’ growing influence in global governance and its efforts to build a multipolar world order.
Timeline of BRICS Expansion
2001: The term “BRIC” is coined to describe the emerging economies of Brazil, Russia, India, and China.
2009: The first BRIC Summit is held in Russia, focusing on global financial issues.
2010: South Africa is invited to join, transforming BRIC into BRICS.
2023: BRICS announces the inclusion of six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, effective January 2024.
2025: The 17th BRICS Summit in Rio de Janeiro anticipates further collaboration among the now 11-member group.
Impact on the Global South
The expansion of BRICS signifies a stronger voice for the Global South in international affairs. With a combined population exceeding 3 billion people, the BRICS nations represent a significant portion of the world’s population and economy. The inclusion of new members enhances cooperation in areas such as trade, infrastructure, and sustainable development.
The 17th BRICS Summit aims to address common challenges, promote inclusive growth, and reinforce the group’s commitment to a multipolar world where developing nations have greater influence.
Building a Multipolar World
As BRICS grows, it challenges the traditional dominance of established powers in global governance. The group’s expansion is seen as a step toward balancing global power structures and providing alternative platforms for cooperation.
The upcoming summit in Rio de Janeiro will be a pivotal moment for BRICS as it navigates its new role and responsibilities on the world stage.
