BRICS Foreign Ministers Meet in South Africa

Image copyright: Wikimedia Commons

The Facts

  • The foreign ministers from the BRICS ["Brazil, Russia, India, China, and South Africa"] — the group of emerging economies — have gathered for a two-day meeting in Cape Town, South Africa, to hold talks on deepening ties ahead of the bloc's summit in Johannesburg in August.

  • South Africa's Minister of International Relations and Cooperation, Naledi Pandor, who chairs the ministerial meeting, also invited fifteen of her counterparts from Africa and other global south countries to attend a "Friends of BRICS" meeting on Friday.


The Spin

Establishment-critical narrative

The agenda of the BRICS foreign ministers meeting in the run-up to the August summit underscores that the era of unipolarity and the West's hypocritical "liberal world order" is coming to an end. This is reflected in BRICS' efforts to "de-dollarize" and in the fact that their collective Gross Domestic Product already exceeds that of the US-led G7. The BRICS countries' refusal to join the proxy war against Russia is further evidence of the new confidence that is gaining momentum among the global south nations.

Pro-establishment narrative

Despite all the BRICS hype and the supposedly imminent end of the US-led global economic order, the reality is more complex. The bloc's composition is primarily characterized by geopolitical and economic rivalries that make the creation of a common currency extremely difficult — a problem that is likely to be exacerbated by adding more members. The fact that South Africa is flirting with the war criminal Putin, thus antagonizing the US as its second-largest trading partner, also does not bode well for the future of BRICS.


Metaculus Prediction


Establishment split

CRITICAL

PRO

More neutral establishment stance articles