Putin says more than 30 countries want to join BRICS

The Star

More than 30 countries have expressed a desire to join BRICS, Russian President Vladimir Putin told a meeting of the group in Kazan on Wednesday (Oct 23).  Putin said the group would discuss its expansion at the meeting, while keeping in mind the need to maintain efficiency.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00Leaders and representatives of the country's members of the BRICS gathered on Wednesday

00:06at the summit venue in Russia's city of Kazan.

00:09During a meeting, President Vladimir Putin said that more than 30 countries have expressed

00:14a desire to join the group.

00:16He added that the group would discuss its expansion at the meeting, while keeping in

00:20mind the need to maintain efficiency.

00:22The forum founded 15 years ago by major emerging economies of Brazil, Russia, India, China

00:29has since expanded to include South Africa, Egypt, Ethiopia, Iran, and the United Arab

00:35Emirates.

00:36Malaysia sent its application to join BRICS to its chairperson Russia in July this year.

00:42BRICS' share of global GDP is forecast to rise to 37 percent by the end of this decade,

00:48while the share accounted for by the group of seven major Western economies will decline

00:53to about 28 percent from 30 percent this year, according to International Monetary Fund data.

00:59The summit runs through Thursday.

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