BRICS, Africa and Global Economic Governance: Achievements and the Future
This paper explores both the efforts of the BRICS in advancing reforms in international financial institutions (IFIs), considering specifically how coherent and united the grouping has been in these efforts and the extent to which each member of the group has benefitted. Two surveys of BRICS experts and African stakeholders also assess South Africa’s stated agenda of supporting and advancing African interests in the grouping. The paper presents several recommendations on strengthening intraBRICS collaboration on global economic governance reform against the backdrop of current economic and geo-political uncertainty. It also highlights how African needs could be better supported both through the BRICS’ multilateral engagement with African countries: specifically through the New Development Bank and bilaterally through various bilateral BRICS–Africa forums.