BRICS to Focus on Reducing Dollar Reliance, South African Deputy President Says
- Leaders to also discuss ways to enhance multilateral bodies
- Expansion of the bloc is another key discussion point
Paul Mashatile
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
Leaders of the BRICS nations will focus on ways to reduce dependence on the dollar when they meet starting Tuesday, South African Deputy President Paul Mashatile said.
The BRICS bloc — Brazil, Russia, India, China and South Africa — will also discuss expansion at the summit in Johannesburg. An enlarged group would represent about half of global output by 2040, Bloomberg Economics estimates show, double the share of the Group of Seven, a reversal from the turn of this century.