brics 2023

While Learning Before You Earn #PEPT some news just get my attention.
Although I have been focusing on learning I have paid particular attention to Project ePayTraffic, a Hive community sponsoring a #TGIF - The Gold Is From PEPT #Event that runs for 7 days. Plus, gaining an understanding of the other activities involving the #Hive. The below article caught my eye.

The BRICS Summit 2023 will be held from August 22 to 24 in Johannesburg, South Africa. This will be the 15th summit of the group of major emerging economies, which consists of Brazil, Russia, India, China and South Africa. The summit will be the first in-person gathering of the BRICS leaders since the COVID-19 pandemic. The main theme of the summit is "BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution.

Some of the possible outcomes of the BRICS Summit 2023 are:

• A declaration on the expansion of the BRICS group by adding new members, such as Turkey, Indonesia, Nigeria and Egypt. This would increase the representation and influence of the BRICS in global affairs and create a more diverse and inclusive platform for dialogue and cooperation.
  - A proposal for a new gold-backed currency that would challenge the dominance of the US dollar in international trade and finance. This would benefit the BRICS countries, especially Russia, which faces sanctions from the West over its involvement in the Ukraine conflict.
• A commitment to enhance trade and investment facilitation among the BRICS countries and to promote sustainable development, innovation and digital transformation. This would boost the economic growth and resilience of the BRICS countries and foster more collaboration in areas such as health, education, energy, agriculture and infrastructure.
• A resolution to reform the global governance system and to increase the voice and representation of the developing countries in institutions such as the United Nations, the World Bank, the International Monetary Fund and the World Trade Organization. This would reflect the changing realities of the world order and ensure a more fair and equitable distribution of power and resources.

These are some of the potential outcomes that could emerge from the BRICS Summit 2023. However, there may also be challenges and difficulties in reaching consensus and implementing these outcomes, as there are differences and divergences among the BRICS countries on various issues. Therefore, it remains to be seen how effective and impactful the BRICS Summit 2023 will be in shaping the future of global cooperation.

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