The IMF announces its support for expanding the BRICS group to enhance global integration


International Monetary Fund director of Communication Department, Julie Kozack expressed strong support for expanding the BRICS group with the aim of taking advantage of increasing global integration.

In a press conference, Kozack stressed in response to a question about expanding the group, “We welcome countries that work together, and we support countries that seek to achieve trade and integration, with the aim of enhancing benefits for peoples”.

Since its founding in 2006, BRICS has undergone two expansion phases, with South Africa joining Brazil, Russia, India and China in 2011.

In August 2023, the group invited countries such as Argentina, Egypt, Iran, the UAE, Saudi Arabia and Ethiopia to join as new members.

However, after the presidential elections in Argentina, the Argentine authorities informed BRICS of their no intention of joining at the present time.

Despite this, Kozack continues to express its full support for international cooperation and the promotion of global integration, stressing the importance of achieving the goals of integration and cooperation between countries to improve the economic and social conditions of citizens.

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