# 47 Countries Express Interest in Joining BRICS Alliance
The BRICS alliance is seeing a significant increase in interest from developing nations, with 47 countries signaling their desire to join ahead of the 2024 summit. These countries aim to reduce their reliance on the US dollar and promote local currencies for trade, which they believe will boost their economies and GDPs.
Currently, 26 nations have formally applied to join the BRICS bloc, while 21 others have shown informal interest. These potential new members come from Asia, Africa, South America, and Eastern Europe, reflecting a broad global interest.
Paul Frimpong, Founder of the Africa-China Centre for Policy Advisory, noted that “More than 40 countries have expressed interest in joining BRICS.” He emphasized that the alliance attracts a diverse group of nations seeking a more balanced global economic landscape, which many believe is currently skewed.
The 16th BRICS summit, scheduled for October 22-24, 2024, in Kazan, Russia, will be the first opportunity for the expanded group to meet. Discussions will focus on key issues such as de-dollarization, expansion, trade agreements, and the use of local currencies.
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