Around 40 nations, including Argentina, Iran, Saudi Arabia, and the United Arab Emirates (UAE), have expressed interest in joining the group in order to diversify their economies and strengthen ties with BRICS members.
Notably, the group accounts for almost 31.5% of the global Gross Domestic Product (GDP) and functions as a check on Western geopolitical influence.
...The New Development Bank (NDB), founded by BRICS in 2014, is another reason why countries are expressing a strong wish to join BRICS.
Since its founding, the bank has financed nearly 100 projects worth $34 billion in core infrastructure sectors...
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