The Guardian
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Venezuela to apply for BRICS membership


President Nicolas MaduroVenezuelan President, Nicolas Maduro, said Thrudady that he has requested the foreign ministry to prepare ground for the country to join BRICS.
The group is made up of emerging countries, namely Brazil, Russia, India, China and South Africa.

“As we have seen in the past few years the BRICS has motivated many developing nations like Venezuela.

“That is why I have asked Foreign Minister, Delcy Rodriguez, to advance conversations to join them in the near future,” said Maduro in an interview granted a local broadcaster.

He said he would propose to the member nations of the left leaning Bolivarian Alliance for the People of Our Americas (ALBA) to become part of the BRICS New Development Bank (NDB).

The bank has an initial capital of 100 billion dollars.

Maduro highlighted the quickness of economic decisions taken by the BRICS member nations and the political will of its leaders to advance toward a new world order based on equality and social development.

The BRICS has become an important platform for exchanges and cooperation among the world’s major emerging economies.

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