logo
Honduras considers BRICS as part of shift towards multipolar cooperation, minister says

Honduras considers BRICS as part of shift towards multipolar cooperation, minister says

Honduras considers the BRICS group of nations as part of a shift towards multipolar cooperation and may apply for full membership in the future, the country's minister of strategic planning said.
Speaking at the St. Petersburg International Economic Forum (SPIEF) 2025, Ricardo Salgado Bonilla said the country has a growing interest in global platforms that promote inclusive and equitable cooperation. He said the forum, held under the motto 'Common Values – the Basis for Growth in a Multipolar World,' offers an environment 'that is inclusive, where we can talk about our expectations with people who are interested in investment.'
In an exclusive commentary, the minister discussed Honduras' recent application to join the BRICS New Development Bank (NDB), framing it as a step towards broader international cooperation.
'So for us it's a big step to take a look at the world to go and ask for being a part of this new bank, and, why not in the coming future also applying for a membership in BRICS,' he said at the TV BRICS studio in the Roscongress International Cooperation Area.
Honduran President Xiomara Castro submitted an official request for the country to join the New Development Bank of BRICS during her visit to China in June 2023.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BRICS Nations Voice 'Grave Concern' Over Trump's Tariff Blitz Ahead of Rio Summit
BRICS Nations Voice 'Grave Concern' Over Trump's Tariff Blitz Ahead of Rio Summit

See - Sada Elbalad

timean hour ago

  • See - Sada Elbalad

BRICS Nations Voice 'Grave Concern' Over Trump's Tariff Blitz Ahead of Rio Summit

Taarek Refaat As global trade tensions escalate, the BRICS nations are preparing to deliver a sharp rebuke to U.S. President Donald Trump over what they describe as a wave of "arbitrary" and "illegal" tariffs that threaten to destabilize the global economy. The warning is set to be issued during the BRICS summit scheduled for Sunday in Rio de Janeiro, where leaders of the powerful bloc of emerging economies will gather amid mounting concerns over U.S. trade policy. According to a draft communiqué obtained by Agence France-Presse (AFP), the five-member group—which includes Brazil, Russia, India, China, and South Africa—plans to jointly express 'grave concern' over Washington's increasingly aggressive use of tariffs. While the statement stops short of naming Trump or the United States directly, its language leaves little ambiguity about the target. 'We express our grave concern about the rise in unilateral tariff and non-tariff measures that distort trade flows and are inconsistent with World Trade Organization rules,' the draft reads. The document warns that such policies 'threaten a further decline in global trade' and 'adversely impact the prospects for global economic development,' underscoring a rare moment of unity among countries that together account for nearly half the world's population and 40% of global GDP. Since taking office in January, President Trump has doubled down on protectionist trade policies, frequently issuing threats—and more recently, formal notifications—to both adversaries and longtime allies. The most recent round of tariff hikes has rattled global markets and drawn criticism from governments across the world. For the BRICS nations, many of which are still navigating fragile post-pandemic recoveries, the Trump administration's trade measures have become a growing source of economic instability and geopolitical friction. Sunday's summit in Rio is expected to produce one of the bloc's most forceful collective responses to U.S. trade actions to date. However, the summit's political weight may be undercut by the unexpected absence of Chinese President Xi Jinping. For the first time since assuming power over a decade ago, Xi will not attend the BRICS summit—a notable departure that risks weakening the group's unified message and raising questions about internal cohesion. China, the largest and most influential member of BRICS, has often been viewed as the bloc's de facto leader, using the alliance as a platform to counterbalance Western economic and political influence. Without Xi, analysts say, the group may struggle to project the same diplomatic clout—particularly on matters where Beijing's voice is pivotal. Still, the remaining leaders are pressing ahead with the summit's agenda, which includes calls for fairer global governance, reforms at international financial institutions, and renewed commitments to multilateralism at a time when protectionist policies are gaining traction in the West. Founded in the early 2000s as a loose coalition of rising economies, BRICS has evolved into a more structured diplomatic and economic bloc. While its internal diversity often limits unified action, its member states remain bound by a shared frustration with Western-dominated global systems and a desire to assert greater influence on the world stage. This year's summit arrives at a pivotal moment. With geopolitical alignments shifting and global trade at an inflection point, BRICS leaders face a delicate balancing act: defending their national interests while presenting a coordinated front against what they see as the destabilizing impulses of U.S. unilateralism. As the summit gets underway, the message from Rio is likely to be clear: the world's emerging powers are not prepared to remain silent in the face of policies they believe endanger global stability. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean

PM Visits Brazil to Attend BRICS Summit
PM Visits Brazil to Attend BRICS Summit

See - Sada Elbalad

time7 hours ago

  • See - Sada Elbalad

PM Visits Brazil to Attend BRICS Summit

Nada Mustafa Prime Minister (PM) Mostafa Madbouly departed Cairo, on Saturday, heading to Brazil, where he will represent President Abdel Fattah El-Sisi at the 17th BRICS Summit, hosted by the city of Rio de Janeiro. Madbouly is scheduled to participate in several sessions dedicated to the member states of the BRICS group. It is worth noting that the 17th BRICS Summit will take place on July 6–7 under the theme: "Strengthening South-South Cooperation for Inclusive and Sustainable Governance." read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean

OPEN// Madbouli heads to Brazil to participate in 17th BRICS Summit on behalf of Sisi
OPEN// Madbouli heads to Brazil to participate in 17th BRICS Summit on behalf of Sisi

Middle East

time18 hours ago

  • Middle East

OPEN// Madbouli heads to Brazil to participate in 17th BRICS Summit on behalf of Sisi

CAIRO, July 5 (MENA) - Prime Minister Moustafa Madbouli left Cairo International Airport, heading to Brazil to participate in the 17th BRICS Summit on behalf of President Abdel Fattah El Sisi. The event is being hosted by the city of Rio de Janeiro, Brazil. During his visit, Madbouli is scheduled to take part in a number of sessions dedicated to the member states of the BRICS group. The 17th BRICS Summit will be held on July 6–7 under the theme: "Strengthening South-South cooperation for inclusive and sustainable governance." (MENA) M H K/Y R E

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store