CBDC Development in the Countries that Joined BRICS in 2024. Part 2

The world is currently witnessing the emergence of a new multipolar global order, where a significant role is played by the group of major developing nations within the expanded BRICS.

Since 2024, 🕊🕊🕊🕊🕊 comprises ten member countries: Russia, Brazil, India, China, South Africa, the UAE, Iran, Ethiopia, Egypt, and Indonesia (Saudi Arabia still has unclear status). Additionally, there are ten BRICS partner states: Belarus, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, Nigeria, Vietnam, Uzbekistan, and Bolivia.

The economies of the BRICS countries exhibit stability and are poised to exert considerable influence over a significant portion of the global economy in the years to come. By the end of 🕊🕊🕊🕊, the combined share of BRICS countries—including partner nations—in the global GPD (purchasing power parity) reached an unprecedented 41%, surpassing the share of G7 that stood at 30%.

📎 Read more in our new article by Victor Dostov, Chairman of the Board of the Russian Electronic Money and Remittance Association, expert of the BRICS Expert Council-Russia.

More #BRICS analytics is available on the official website of the BRICS Expert Council-Russia.

#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil

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