By 2025, the BRICS alliance is poised too become a major force in global economics, with over 20 nations vying for membership. This surge in interest is driven by the bloc’s groundbreaking approach to international trade, which challenges the dominance of the US dollar. By facilitating cross-border transactions in local currencies, BRICS is empowering emerging economies to strengthen their GDP and reduce dependency on the dollar. This isn’t just an economic shift—it’s a strategic effort to elevate the role of local currencies in global forex markets.
BRICS 2025: A Global magnet for Emerging Economies
Yury Ushakov, a key aide to the Russian President, revealed that more than 20 countries have formally applied to join BRICS in 2025. Ushakov emphasized that the alliance is actively seeking to expand its membership to include “like-minded countries.” He stated, “The doors of the association remain open to like-minded countries. At the moment, over two dozen more countries have shown interest in a systemic dialog with BRICS.”
The list of interested nations is remarkably diverse, spanning continents and representing a wide range of economies. Ushakov highlighted countries such as “Azerbaijan, Bahrain, Bangladesh, burkina Faso, Cambodia, Chad, Colombia, the republic of the Congo, Equatorial Guinea, Honduras, Laos, Kuwait, morocco, myanmar, Nicaragua, Pakistan, Palestine, Senegal, South Sudan, Sri Lanka, Syria, Venezuela, and Zimbabwe.”
This unprecedented wave of applications underscores BRICS’ growing influence on the global stage. By promoting de-dollarization and offering alternatives to the US dollar,the alliance is positioning itself as a key player in international finance. For many nations, aligning with BRICS represents an opportunity to reshape their economic trajectories and secure a stronger position in the global economy.
Addressing Global Issues Beyond Economics
While BRICS is primarily known for its economic initiatives, the alliance’s influence extends beyond trade and finance. Its growing membership reflects a broader desire among nations to challenge conventional power structures and advocate for a more equitable global order. By fostering collaboration among emerging economies, BRICS is not only reshaping the financial landscape but also addressing pressing global issues such as climate change, technological innovation, and enduring development.
as the world watches BRICS expand its reach, the alliance’s ability to balance economic growth with social responsibility will be critical. The inclusion of diverse nations with unique challenges and opportunities will test BRICS’ capacity to deliver on its promises. However, one thing is clear: BRICS is no longer just an acronym—it’s a movement that is redefining the future of global cooperation.
What are the potential benefits of BRICS’ push for local currency transactions in global trade?
Interview with Dr. Sofia Alvarez, Global Economic Strategist and BRICS Expert
By Archyde News
Archyde: Welcome, Dr. Alvarez. Thank you for joining us today. As we enter 2025, the BRICS alliance is making headlines with over 20 nations seeking membership. What do you think is driving this unprecedented interest?
Dr.Alvarez: Thank you for having me. The surge in interest is a direct result of BRICS’ innovative approach to global economics. By prioritizing local currencies in cross-border trade, the bloc is offering emerging economies a viable choice to the US dollar-dominated system. This is especially appealing to nations looking to strengthen their GDP and reduce dependency on external financial pressures. It’s not just about economics—it’s about reclaiming sovereignty in global markets.
Archyde: Brazil is set to take over the BRICS presidency this year. What can we expect from its leadership?
Dr. Alvarez: Brazil’s presidency is expected to build on four key themes: new initiatives, finance-related ambitions, expansion, and conflict de-escalation. Under Brazil’s leadership, we’ll likely see a deepening of ties with the Global South, as well as a focus on entrepreneurship and solidarity within the bloc. Brazil has a unique opportunity to test BRICS’ capacity for innovation and collaboration, especially as it navigates the challenges of integrating new members.
Archyde: Speaking of expansion, how do you see the addition of new members impacting BRICS’ influence on the global stage?
Dr. Alvarez: Expansion is a double-edged sword. on one hand, it strengthens BRICS’ collective economic power and diversifies its geopolitical influence. On the other hand, it introduces complexities in decision-making and alignment of interests. However, if managed effectively, the inclusion of new members could solidify BRICS as a counterbalance to customary Western economic dominance. It’s a pivotal moment for the bloc to demonstrate its ability to unite diverse economies under a shared vision.
archyde: One of BRICS’ most groundbreaking initiatives is its push for local currency transactions. How meaningful is this shift for global forex markets?
Dr. Alvarez: this is a game-changer. By facilitating trade in local currencies, BRICS is challenging the hegemony of the US dollar and creating a more multipolar financial system. This shift empowers emerging economies to reduce their vulnerability to dollar fluctuations and build stronger, more resilient economies. Over time, we could see a significant rebalancing in global forex markets, with local currencies gaining prominence and influence.
Archyde: what challenges do you foresee for BRICS in 2025 and beyond?
Dr. Alvarez: the primary challenge will be maintaining cohesion as the bloc expands. With over 20 nations vying for membership, aligning diverse economic and political interests will require skillful diplomacy and compromise. Additionally, BRICS will need to address internal disparities in economic progress and ensure that its initiatives benefit all members equitably. If it can navigate these challenges, BRICS has the potential to redefine the global economic order.
Archyde: Thank you, Dr. Alvarez, for your insights. It’s clear that 2025 will be a transformative year for BRICS, and we look forward to seeing how this alliance shapes the future of global economics.
Dr. Alvarez: Thank you. It’s an exciting time, and I’m optimistic about the possibilities ahead.
End of Interview
This interview was conducted by Archyde News as part of our ongoing coverage of global economic trends. Stay tuned for more updates on BRICS and its evolving role in the world economy.
