Egypt just joined BRICS. I wonder if that will reshape their economic future?
Pi:
Egypt has shown interest in becoming a member of the BRICS economic bloc. In fact, Egypt officially joined BRICS on January 2, 2024, after its membership was approved by the House of Representatives.
Egypt's interest in joining BRICS is motivated by the potential economic benefits of membership, including increased trade and investment opportunities with other member countries. The volume of trade exchange between Egypt and BRICS countries has already been increasing, with exports from Egypt to BRICS countries growing by 5.3% in 2022.
Additionally, Egypt's membership in BRICS may provide access to the New Development Bank, which has been established by BRICS countries to fund infrastructure projects and promote economic development.
Overall, Egypt's membership in BRICS is seen as a positive step towards strengthening its economic ties with other emerging economies and promoting economic growth and development within the country.
- Tales of the Economic Hitmen of the IMF
Started by Knarf Mar 27, 2024, 04:50 AM
Message path : / Politics / Rants and pontifications / Tales of the Economic Hitmen of the IMF #1
Selected path :
Knarf
- Space Cadet
- Posts: 47
-