Algeria is interested to join the BRICS, an economic bloc of developing countries that includes Brazil, India, China, South Africa and South Africa. The appeal was publicly made by the northern African leader, Abdelmadjid Tebboune during a TV interview broadcast on Sunday, July 31.
Algeria’s president stated that the club was an economic and political power that allowed the country to “move beyond the attraction of the poles”.
According to the CIA World Factbook, 42% of the global population is represented by the bloc and account for 31% of the world’s gross domestic product. South Africa joined the group in 2011 as the latest member.
Tebboune said that good news could be coming quickly, but it is best to not anticipate events.
The leader participated in a videoconference between BRICS members at June’s end.
A senior french economist said that Algeria is a major player in the region, primarily because of its energy resources. However, given the instability in the global geopolitical landscape, it could take a while before the process becomes smooth.
According to a senior french economist interviewed by a fellow journalist from RFI, if Algeria is a heavyweight in the region, notably for its energy resources which are of great interest to Russia and China, the process of Algeria’s entry into the BRICS could be very gradual given the global geopolitical instability.
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