While hailing their inclusion into BRICS, the new member countries called for a fairer and balanced world order and hoped the bloc would boost development. At the just-concluded 15th BRICS Summit, six countries, namely Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE), were officially invited to join BRICS. The sheer economic size brings huge economic, trade, and investment opportunities for its members. “Egypt’s accession to BRICS will increase its exports and investment opportunities as well as the inflows of foreign investment,” said Egyptian Finance Minister Mohamed Maait. Mulualem stressed that BRICS seeks to enhance Global South cooperation and fairer world governance, as well as participation in decision-making processes in global organizations like the IMF and World Bank.
