2023-08-22 18:01:00
johannesburg will host the first face-to-face summit of the BRICS group in three years. And despite the thousands of kilometers away, in South Africa there were also repercussions due to the recent electoral results in the PASO of Argentina.
The thing is the triumph of the libertarian candidate Javier Milei It looks to be set off the alarms of the member nations that, despite having been in favor of the incorporation of Argentina at first, currently have doubts.
The forum is made up of Brazil, Russia, India, China and South Africa. In the days to come, will seek to discuss the de-dollarization of tradewith the aim of creating a political and economic counterweight to the dominance of Western powers in international affairs, In addition to defining the mechanisms to add new members; this point It is the one that generates the greatest expectation within the Government.
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However, in the face of the suspicion of some countries for the triumph of La Libertad Avanza and the defeat of the ruling partyin addition to the position of some members, such as South Africa, once morest expanding the blockPresident Alberto Fernandez he chose not to travel to the meeting. In his place, Foreign Minister Santiago Cafiero will participate, next Thursday and virtually.
“What is the point of such a trip and effort if the BRICS are not planning to deal with membership as requested?”an official with offices in Casa Rosada remarked to the Noticias Argentinas agency.
Why would Milei complicate Argentina’s entry into the BRICS?
Los recent comments by the libertarian regarding trade with Brazil and China hinder the country’s potential entry into the bloc.
In the last days, the libertarian candidate maintained that, in case of assuming the next month of December, would freeze relations with the Asian nation and remove the country from Mercosurwhere there are strong ties with the neighboring country, led by Lula da Silva.
Regarding the latter, the newspaper O’Globo, one of the main media outlets in Brazil, remarked: “With Milei in the Presidency, things would radically change the format for Brazil and all the other BRICS countries.starting with China. Judging by his rhetoric, it’s likely that Milei didn’tHe is also not interested in joining a group with China and Russia“.
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“In addition to being a source of financial relief and Argentina’s second largest trading partner (behind Brazil), the Asian country is the member with the most weight in the BRICS and the main engine of the group’s expansion. Why would Argentina be invited if in two months it might be ruled by someone so openly hostile to China and Lula? A contrary strategy, including Argentina would promote the adhesion of Milei’s goal, but it would be a bet with doubtful profits“, they added.
For his part, Cafiero assured that the libertarian seeks to integrate what he characterized as “a kind of reactionary international” together with former presidents Donald Trump (United States), Jair Bolsonaro (Brazil), Mauricio Macri and conservative expressions such as Vox in Spain.
Which countries want to join the BRICS, apart from Argentina?
In addition to Argentina, more than 20 countries they have already filed a formal demand to join the bloc.
From the list, there are Turkey, Thailand, Venezuela, Bolivia, Egypt, Saudi Arabia and the United Arab EmiratesTo mention.
other states like Mexico, Pakistan or Turkey They also expressed interest, although without formalizing it.
Before the end of this year another 5 billion dollars would be needed
“Taking into account the geographical, economic and political diversity of applicants, it is difficult to see what the criteria for a possible expansion might be“said John Stremlau, a specialist in international relations at the University of the Witwatersrand, in dialogue with the AFP agency.
On the other hand, The arrival of new countries might change the geopolitical balance of the blocthe experts maintain.
The New Development Bank, an alternative
While waiting for a resolution regarding Argentina’s request, the Ministry of Economy, led by Sergio Massa, he is working on the idea that the New Development Bank can grant a loan.
Founded by the BRICS nations in 2014, the group is integrated, among others, by Uruguayand since April the former Brazilian president Dilma Rousseff has been chaired.
This body self-proclaims itself as a better alternative for the global south than institutions like the World Bank or the IMF by financing development and infrastructure projects, and promoting fairer governance, since all the countries that comprise it have the same number of votes.
RS / LR
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