The step represents a success for the founding members of the bloc: Brazil, Russia, And India, China, and South Africa, in a way that enhances economic cooperation and influence on the global economy. - Egypt's membership in the New Development Bank:Egypt's accession to the group enhances Egypt's ability to support its sustainable development and address liquidity issues through its membership in the New Development Bank. - Strengthening Egypt's role in the world and Africa:Egypt's accession will strengthen its important and influential role in Africa, to become a center linking Africa, Asia and South America. - Increasing trade exchange between Egypt and the group:In 2022, Egypt's exports to BRICS countries increased by 5.3 percent, to reach $4.9 billion, compared to $4.6 billion. - New investment channels:Expectations indicate more intra-investment and the placement of countries such as India, for example, on the Egyptian investment map.
