(CGTN’s Opinion editor, Yasir Masood, interviewed Yaroslav Lissovolik, founder of BRICS-Plus Analytics in Moscow, to discuss the summit’s broader implications)
Since its inception, the BRICS initiative has steadily gained momentum, but according to Lissovolik, it was the introduction of “BRICS Plus” in 2017 that marked a pivotal turning point. This expansion, driven by China, broadened the platform to engage non-member developing nations, signaling a new chapter in global governance. China’s vision and leadership have been instrumental in promoting a pluralistic world, reinforcing its commitment to inclusivity on the global stage.
“Under China’s leadership in 2022, it transitioned from a more insular group to one that actively engages the wider Global South. This shift reflects China’s broader objective of creating a balanced world system where smaller nations can have their voices heard,” he noted. Moreover, China has been at the forefront of tackling global challenges, with a particular focus on promoting green technologies and sustainable development practices, positioning it as a leading advocate for environmental progress.
One of the key elements driving this transformation is the New Development Bank (NDB). Lissovolik highlighted “the crucial role the NDB plays in financing infrastructure projects for member nations. With its expanding scope, the bank is set to enhance trade, transport, and energy networks, building economic resilience in developing economies.” This proactive approach to infrastructure development not only strengthens economic ties but also encourages the developing world as a more influential player in global markets.
As this organization looks toward the future, its focus is increasingly centered on artificial intelligence (AI), renewable energy, and the digital economy. Joint platforms for AI policy coordination and green technology development are critical to ensuring long-term progress. Lissovolik stressed that “cooperation in these areas will be essential for future growth and innovation, offering this bloc the opportunity to lead in technological advancements.”
Security is another area of increasing cooperation. With the rise of cybercrime and regional instability, this group has emerged as a platform for coordinating security measures. “The coalition’s efforts to address these threats will be key to maintaining stability across the developing world, ensuring that economic growth is matched by robust security frameworks,” he opined.
Precisely, this summit stands as a testament to the growing capacity of this partnership to introduce innovative frameworks for global cooperation. Beyond economic collaboration, it highlights the potential to tackle complex global challenges, including climate action, digital transformation, and financial reforms. As member and non-member states alike continue to strengthen their partnership, “BRICS Plus” offers a new blueprint for global governance, one that reflects the aspirations of a more diverse and interconnected world. ( Courtesy: CGTN)
