In recent years, the BRICS group of nations, consisting of Brazil, Russia, India, China, and South Africa, has emerged as a formidable presence in the global economy. With the significant strides achieved by the group, an increasing number of African countries have expressed a keen interest in becoming part of this influential alliance.

Analysts’ opinions regarding the tangible accomplishments of BRICS since its establishment in 2009 diverge. While one analyst maintains a wait-and-see approach to assess the group’s future potential, another asserts that BRICS has already surpassed expectations. However, some voices emphasize the need for a more realistic roadmap for the group.

In 2014, the BRICS nations established the New Development Bank (NDB), infusing it with an initial investment of USD 50 billion. 

Source:  Global Voices