Brazil’s President Luiz Inacio Lula da Silva said that the Brics group of growing countries is not intended to confront other international coalitions such as the G7 or the United States but rather to “organize” the so-called Global South.
“We do not want to be a counterweight to the G7, G20, or the United States; we just want to arrange ourselves,” Lula remarked during a social media broadcast from the Brics meeting in South Africa.
Brazil’s president supported a unified trading currency for Brics countries, saying the move would not be geared at “rejecting” the US dollar but rather at easing trade between the growing nations in their own currencies.
He stated that he supports more countries joining Brics, which is now comprised of Brazil, Russia, India, China, and South Africa, but only under particular conditions, “so it does not become a Tower of Babel.”
“We want Brics to be a multilateral institution, not an exclusive club.” “Argentina would be especially welcome to join the group,” Lula said.
