Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?

Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?

As quoted by Ennahar TV, Algerian president Abdelmadjid Tebboune has signaled that Algeria — Africa’s largest nation — is eager to align itself with the BRICS coalition. He conveyed that this significant alignment with the five major emerging economies could potentially unlock unprecedented economic prospects for all the nations.
Algeria Sets Sights on BRICS
In anticipation of the forthcoming BRICS Summit, there might be less emphasis on the oft-debated BRICS reserve currency, yet over 40 nations exhibit a keen interest in becoming part of this influential bloc.
Ambassador Anil Sooklal, South Africa’s envoy to BRICS, subtly hinted at an imminent expansion of the group this year. According to a Reuters report via Ennahar TV, Algerian president Abdelmadjid Tebboune has announced that Algeria has officially sought to join the BRICS group, currently made up of Brazil, Russia, India, China, and South Africa.
“We officially applied to join the BRICS group, we sent a letter asking

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