Ethiopia's Prime Minister Lauds BRICS Entry as "Major Diplomatic Victory"


Ethiopia's Prime Minister Lauds BRICS Entry as "Major Diplomatic Victory"

Ethiopia's Prime Minister Abiy Ahmed (PhD) lauded the entry as "a pride and victory for Africa" indicating that technology, trade, military, and investment areas are the focus of the partnership with the BRICS family. BRICS a consortium of emerging economies expanded its reach, adding Ethiopia to its ford along with five other new members, signalling a response to shifting economic and geopolitical dynamics in the world. Chinese President, Xi Jinping, dubbed the expansion "a new starting point for BRICS cooperation." He voiced optimism over the future, anticipating the latest entrants to "enhance the cooperative mechanism" and amplify global peace and development. Historically perceived as an embodiment of emerging markets with rapid economic growth, BRICS is expected to wield more significant influence in global forums, given its growing economic clout with its members - Brazil, Russia, India, China and South Africa. The addition of other countries: Argentina, Egypt, Iran, Saudi Arabia, and the UAE may shape global financial and economic policies. Abiy praised the spirit of the summit in Johannesburg as a major diplomatic victory. The overall GDP growth, policies towards green energy, and initiatives such as the Green Legacy have played a part in convincing the BRICS member states to add Ethiopia to the mix, according to the Prime Minister. “Although Ethiopians might not recognise it," he said in a brief statement. "The world has acknowledged the growth."


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