New Development Bank: Expansion of the New Development Bank (formerly known as the BRICS Bank) to include and benefit other countries.
Trade Agreements: Exploring possibilities for new free trade agreements or economic partnerships with emerging and developed economies.
Alternative Financing: Providing an alternative to Western-led financial institutions for project financing and development loans.
Political Influence
United Front on Global Issues: Greater influence in international politics by presenting a united front on global issues like climate change, trade tariffs, and geopolitical conflicts.
Multilateralism: Advocacy for a multipolar world, as opposed to one dominated by Western powers, particularly the United States.
Reform of International Institutions: Pushing for reforms in institutions like the UN Security Council, IMF, and World Bank to better represent emerging economies.
Social and Cultural Exchanges
Educational and Cultural Programs: Expanding educational and cultural exchange programs to foster better relations among an expanded list of countries.
Technology and Innovation: Collaborative efforts in technology and innovation, often aimed at reducing the technological gap between BRICS+ countries and developed nations.
Regional Stability
Security Alliances: While BRICS is primarily an economic alliance, an expanded BRICS+ could involve strategic partnerships aimed at maintaining regional stability.
Counter-Terrorism: Enhanced cooperation in counter-terrorism efforts.
