Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.

SOUTH-EAST Asia’s two largest economies are the newest recruits of Brics, lending significant clout to the bloc that already commands more than 40 per cent of the world’s gross domestic product as it seeks to strengthen its role as a counterbalance to the West.

Russia and Iran have joined forces to create an alternative to the SWIFT payment system that could power the BRICS alliance.

Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.

BRICS wants to usher in an international order not so dominated by the West. To a lot of Global South countries, that's an appealing vision. The post There's a Reason BRICS Is the Hottest Multilateral Ticket in Town appeared first on World Politics Review.

Indonesia on Monday officially joined the BRICS bloc of developing nations, marking a significant expansion of the group's global influence.

Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.

According to the Ministry of Foreign Affairs, the formal acceptance to participate as a partner country highlights Nigeria's commitment to fostering international collaboration.

(Bloomberg) -- Nigeria has officially joined the BRICS group of emerging-market powers. BRICS, which stands for Brazil, Russia, India, China and South Africa, has been pushing to expand in recent years as it grows in clout and has accepted other countries including Egypt, Ethiopia, Indonesia and United Arab Emirates.

ABUJA, Nigeria -- Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies, according to Brazil, the group’s chair. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.

Belarus' participation in the SCO and BRICS represents an important step towards strengthening our foreign policy and economic ties with the countries whose international policy is based on mutually respectful and mutually beneficial cooperation,