BRICS Ministers Say Rebalancing of Global Order Underway, Call Group a ‘Symbol of Change’: Report

The top figureheads of the BRICS alliance say that the coalition represents a complete reconfiguration of global order as the old world fades away.

The foreign ministers of BRICS, which currently represents the countries of Brazil, Russia, Iran, China and South Africa, just met in Cape Town for a summit.

According to a report from The Daily Star, the theme of the conference was overshadowed by the conflict between Russia and Ukraine.

South African foreign minister Naledi Pandor said,

“Our vision of BRICS is for our partnership to provide global leadership in a world fractured by competition, geopolitical tension, inequality, and deteriorating global security…

Our discussions today will therefore focus on opportunities… strengthening and transforming global governance systems”.

India’s foreign minister Subrahmanyam Jaishankar said that BRICS represented a “symbol of change,” and hinted that the “old ways,” perhaps US dollar hegemony, was no longer equipped to deal with the current geopolitical situations.

“Our gathering must send out a strong message that the world is multipolar, that it is rebalancing and that old ways cannot address new situations…

We are a symbol of change and must act accordingly.”

The BRICS coalition was created as an alternative to the US dollar reserve currency financial system, and after years of remaining relatively low profile, has now attracted new nations looking to join the alliance.

Brazilian president Luiz Inácio Lula da Silva recently said that he was open to admitting Venezuela to BRICS, and African Ambassador Anil Sooklal recently said more than a dozen nations from Africa, Latin America and Asia are looking to become new members.

The New Development Bank (NDB), which aims to support development in BRICS nations, is also reportedly in talks with Saudi Arabia about the country’s possible entry to the alliance.

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