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The Pulse of El Salvador’s Transformation
Thursday, Apr 03, 2025
San Salvador Times
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BRICS Leaders to Gather in Rio de Janeiro for July Summit.
Brazil has declared a BRICS summit intended to enhance collaboration among member nations and tackle global economic issues.
Leaders from the BRICS nations—Brazil, Russia, India, China, and South Africa—are set to convene in Rio de Janeiro on July 6-7 for an upcoming summit.
This announcement was shared by Brazilian Foreign Minister Mauro Vieira on the social media platform X. The summit will also welcome leaders from 20 countries with either full or associate membership in the BRICS bloc.
Vieira highlighted the importance of this meeting, remarking that it will involve "very important decisions for the development of all these countries, for cooperation, and for enhancing the living conditions of all their inhabitants." The BRICS nations have been active in seeking ways to boost economic cooperation, especially given the shifting global economic landscape.
U.S. President Donald Trump has raised concerns regarding trade policies, threatening to impose 100 percent tariffs on BRICS member countries if they undermine the U.S. dollar.
At a previous summit in October in Russia, BRICS leaders deliberated on strategies to increase non-dollar transactions and strengthen local currencies within member nations.
Under the leadership of Luiz Inacio Lula da Silva, Brazil is aiming to enhance collaboration with developing countries, referred to as the Global South, and reform multilateral institutions to better reflect today’s global dynamics.
Lula has outlined priorities for the bloc that focus on initiatives to establish payment methods that facilitate trade and investment among BRICS member states.
Moreover, Brazil's chief negotiator for the BRICS group, Eduardo Saboia, mentioned in a discussion with AFP last month that there is currently no established plan to substitute the U.S. dollar as the global currency, though conversations are taking place regarding the use of local currencies for transactions.
Since its establishment in 2009, the BRICS coalition has expanded significantly to include countries such as Iran, Egypt, and the United Arab Emirates.
In total, BRICS nations account for a substantial portion of the world's economic output, highlighting their substantial influence in the global economic arena.
This announcement was shared by Brazilian Foreign Minister Mauro Vieira on the social media platform X. The summit will also welcome leaders from 20 countries with either full or associate membership in the BRICS bloc.
Vieira highlighted the importance of this meeting, remarking that it will involve "very important decisions for the development of all these countries, for cooperation, and for enhancing the living conditions of all their inhabitants." The BRICS nations have been active in seeking ways to boost economic cooperation, especially given the shifting global economic landscape.
U.S. President Donald Trump has raised concerns regarding trade policies, threatening to impose 100 percent tariffs on BRICS member countries if they undermine the U.S. dollar.
At a previous summit in October in Russia, BRICS leaders deliberated on strategies to increase non-dollar transactions and strengthen local currencies within member nations.
Under the leadership of Luiz Inacio Lula da Silva, Brazil is aiming to enhance collaboration with developing countries, referred to as the Global South, and reform multilateral institutions to better reflect today’s global dynamics.
Lula has outlined priorities for the bloc that focus on initiatives to establish payment methods that facilitate trade and investment among BRICS member states.
Moreover, Brazil's chief negotiator for the BRICS group, Eduardo Saboia, mentioned in a discussion with AFP last month that there is currently no established plan to substitute the U.S. dollar as the global currency, though conversations are taking place regarding the use of local currencies for transactions.
Since its establishment in 2009, the BRICS coalition has expanded significantly to include countries such as Iran, Egypt, and the United Arab Emirates.
In total, BRICS nations account for a substantial portion of the world's economic output, highlighting their substantial influence in the global economic arena.
