Zimbabwe has stated it is set to formally apply for BRICS membership.

The government made the announcement on Monday, indicating Zimbabwe’s intent to strengthen its economic ties with the coalition of emerging markets, which includes Brazil, Russia, India, China, and South Africa.

Zimbabwean officials expressed optimism about the potential benefits of joining BRICS, highlighting opportunities for increased trade, investment, and cooperation across various sectors. This decision aligns with the country’s broader strategy to diversify its international partnerships and promote economic development.

“Joining BRICS presents a strategic opportunity for Zimbabwe to integrate more deeply into the global economy and leverage the resources and markets of these major economies. We believe this move will significantly enhance our economic prospects and bring tangible benefits to our citizens,” stated a government spokesperson.

The application process will involve several stages, including meeting the criteria set by existing BRICS members and securing their unanimous approval. Zimbabwe’s government has already started preliminary discussions with key BRICS nations to build support for its membership bid.

Furthermore, economic analysts in Zimbabwe and overseas have stressed the potential benefits of BRICS membership, including access to development funding, technology transfer, and broader markets for Zimbabwean exports.

However, they also warn that Zimbabwe must tackle internal economic challenges and show dedication to the group’s principles to effectively integrate into the bloc.

As Zimbabwe prepares its formal application, the international community will be closely observing how this unfolds. The result could herald a new chapter in Zimbabwe’s economic diplomacy and its global role, The Zimbabwe Mail reports.

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