Addis Ababa, September 13, 2023 (The Ethiopian Herald) -Joining BRICS bloc opens various economic possibilities and helps flourishing Ethiopia, Cuban Ambassador Jorge Lefebre Nicolas said.
In an exclusive interview with The Ethiopian Herald, the Cuban Ambassador to Ethiopia Jorge Lefebre Nicolas said: “I want to congratulate Ethiopia as it chosen to be part of this group which is an important economic actor in the international affairs.”
The ambassador said the membership of BRICS may not bring a benefit that the people put in their pocket immediately.
However, tomorrow Ethiopia will get a benefit from the monetary system of economy. And BRICS member countries are able to share their resources with Ethiopia. So, it opens economic possibilities to this end, he added.
Noting that the BRICS countries are decided to expand membership for the first time after its after 10 establishment 2009, though more than 20 countries have formally applied to join BRICS, a bloc of emerging economies that includes Brazil, Russia, India, China and South Africa, Ethiopia become one among the six countries invited to become members of BRICS.
The ambassador said that the countries chosen to be a member of the group are imagined economy. “They would create a solid group of negotiation for economic issues. At the same time, the presence of China, India in that group enables it to establish an international bank for cooperation created among them.
“The group will be strong economy next to the north.”
It is to be recalled that leaders of the BRICS nations have recently come to a consensus regarding the expansion guidelines for admission to the influential multinational association. Effective 01 January, 2024, six countries will formally become full members of the BRICS, further strengthening its global presence. These countries include Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
THE ETHIOPIAN HERALD