BRICS 2023 summit to challenge Western dominance, US dollar

The 15th BRICS summit, to be held in South Africa this month, is expected to make the global governance system fairer and counterbalance the dominance of Western countries, Carlos Maria Correa, executive director of the South Centre, told Xinhua on Wednesday.

The event’s agenda will be topped by efforts toward de-dollarization (reducing the US dollar’s hegemony) and the expansion of the bloc, said Correa.

The BRICS group of major emerging economies — Brazil, Russia, India, China and South Africa — will hold its 15th heads of state and government summit in Johannesburg between Aug. 22 and Aug. 24. The summit will be the first in-person BRICS gathering since the COVID-19 pandemic.

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