A handful of developing countries from across the globe are expressing their interest in joining the BRICS alliance. From Asia to Africa and Europe, emerging economies find the prospects of the bloc alluring. The progressive nature of BRICS is drawing them towards the group in an effort to self-sustain their economy.

Also Read: More Countries Ready to Join BRICS Alliance

Read here to know how many sectors in the US will be affected if the BRICS alliance ditches the dollar for trade. The move will strengthen local currencies and dim the light on the prospects of the US dollar. The financial power could shift from the West to the East leading to a paradigm shift in the global economy.

New Country Looks To Join BRICS Alliance

Zimbabwe is the new country that is aggressively pursuing to join the BRICS alliance in 2025. The African nation revealed that it wants to join forces outside the Pan-African region to gain growth through fostering economic partnerships. Zimbabwe’s Foreign Minister Amon Murwira confirmed that they’re aggressively seeking a position in the BRICS bloc.

Also Read: India Officially Dismisses BRICS Currency, Praises the US Dollar

“According to our constitution, we must not only be Pan-African but also join progressive groups (BRICS alliance) that are good for the socioeconomic growth of our country and for promoting peace in the world, and normally, peace is fostered through economic development,” he said.

“What we have done with the Russian Federation and many other countries for that matter is to coalesce around the idea of growing capabilities. As a ministry, our job is to join the domestic environment in Zimbabwe with the foreign environment in terms of cooperation in education, technical fields, science, and technology. This is the only way we can boost the production that we are talking about. And with this production, that is when trade can take place,” he summed it up on the BRICS alliance.

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Not just Zimbabwe, but many countries in the African region have expressed interest in joining the BRICS alliance. African nations are on the sidelines and could join the bloc as the years progress. They are looking to promote the de-dollarization agenda and put local currencies first for all transactions. If Africa advances the de-dollarization initiative, the US dollar will be in serious trouble. Local currencies could outperform the US dollar and come out on top in the forex markets.