The expanded BRICS grouping, now comprising ten full members with Indonesia joining in 2025, has emerged as a powerhouse, representing a substantial shift in the global economic order. The bloc now accounts for approximately 40% of global GDP (measured by Purchasing Power Parity, PPP), significantly surpassing the G7 nations. The ten full members are: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates. Furthermore, nations like Vietnam, Nigeria, and Uzbekistan have become strategic partners, accelerating the rise of the “Global Majority.”
BRICS 2025 cemented a new blueprint for a post-Western economic framework, emphasizing multipolarity and the reform of global governance institutions like the IMF and the World Bank to better reflect the interests of emerging markets. Key initiatives focus on practical cooperation: expanding local currency financing to create resilient digital finance ecosystems and enhancing connectivity through shared infrastructure projects.The bloc’s core financial institution, the New Development Bank (NDB), is rapidly expanding its capacity to mobilize resources and fund sustainable development projects in emerging markets. The 2025 Rio de Janeiro Declaration also included crucial commitments such as a Framework Declaration on Climate Finance and a Statement on the Global Governance of Artificial Intelligence, positioning BRICS as a collective voice for inclusive, progress-driven global solutions.
