BRICS: The Alliance Reshaping Global Power and Challenging the Dollar

The BRICS (now with 10 members including Saudi Arabia and Iran) are setting the geopolitical agenda. At their recent XVII Summit in Rio de Janeiro, the leaders called for UN reform and showed greater unity on issues such as Gaza and the attacks on Russia.

The bloc is constantly growing, with countries like Colombia and Uzbekistan joining its New Development Bank (NDB). Its key objective is "de-dollarization": they have already launched the trial phase of BRICS Pay, a cross-border payment system that uses local currencies, aiming to avoid dependence on SWIFT and potential Western sanctions.

The BRICS are consolidating as the primary voice of the Global South, promoting a development agenda, peace, and a more inclusive and ethical global governance.

In summary, the BRICS are in full expansion, challenging the current world order and seeking a more balanced and multipolar global system.