On January 1, 2024, Egypt and four other countries from the Global South became members of BRICS. Egypt had previously joined the BRICS New Development Bank (NDB) in December 2021 with a contribution of $1.2 billion. This represents an important turning point in Egyptian policy. Since the 1970s, Egypt has submitted to the Western economy, which is dominated by the United States. Egypt’s membership in BRICS confirms the popularity and support for BRICS among the Global South, which groans from the greed and exploitation of the West. The developing countries seek balanced, win-win partnerships and true opportunities for development. The Egyptian step indicates its desire to pursue an alternative path. I is poised to enhance African and Arab support for BRICS measures to achieve a new multipolar economic order
tagesgespraech.net
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