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Argentina rejected the invitation to join BRICS


December, 29 2023
watermark Economic news

Argentine President Javier Miley has sent official letters to Russian President Vladimir Putin and Chinese President Xi Jinping rejecting the invitation to join the BRICS.


It is also noted that Miley informed Brazilian President Lula da Silva, Indian Prime Minister Narendra Modi and South African leader Cyril Ramaphosa of his decision.


In his letters, Miley noted that some decisions taken by the previous government will be reviewed. Among them is the creation of a specialized unit for the country's active participation in the BRICS. 


Argentine President Javier Miley, who came to power earlier this year, opposed the country's accession to the BRICS during the election campaign. At the end of November, Diana Mondino, who at that time was to take over the post of foreign Minister, said that Argentina would not join the BRICS because it could not make a contribution to join the New BRICS Development Bank.


Argentina, along with Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates, was invited to join the alliance on January 1, 2024.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.