Argentina Withdraws from BRICS Plan | 11 Mar 2024

Source: BBC

Recently, Argentina, under the leadership of President Javier Milei, has decided not to join the BRICS bloc of developing economies, despite being scheduled to join.

  • Argentina was among six countries invited in August to join the BRICS bloc, which currently consists of Brazil, Russia, India, China, and South Africa.
    • Argentina was set to join on 1st January 2024.
    • These points highlight Argentina's decision under Milei's leadership to distance itself from the BRICS and align more closely with the United States and Israel, reflecting a shift towards right-wing populism in its foreign policy.
  • The initial stage of enlargement involves extending invitations to countries such as Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE to join BRICS.
    • More than 40 nations have shown keen interest in becoming members of BRICS.

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