BRICS and The Future

BRICS and The Future New Global Trade

From Trade Settlement to Gold Reserves: The New BRICS Platform Reshaping Global FinanceNews | Global EconomyBRICS member...
08/02/2026

From Trade Settlement to Gold Reserves:
The New BRICS Platform Reshaping Global Finance

News | Global Economy

BRICS member countries are significantly expanding their gold reserves as part of a broader strategy to strengthen their role within the global financial system and enhance long-term economic security. Although BRICS nations officially hold around 20 percent of the world’s declared gold reserves, coordinated efforts with partner countries have enabled them to influence nearly half of global gold production.

Russia and China remain at the forefront of this strategic shift, leading global gold production, while Brazil has recently increased its reserves through substantial new gold purchases. Financial analysts note that BRICS countries are increasingly prioritizing domestic gold accumulation, limiting exports, and consolidating market share to establish a more resilient and independent financial foundation.

This growing emphasis on gold reflects a broader objective: advancing economic sovereignty and ensuring secure, reliable trade mechanisms beyond traditional financial structures. Currently, nearly one-third of trade among BRICS nations is conducted using national currencies, reducing dependence on dominant global reserve currencies.

A key development reinforcing this transition is the pilot phase of a new payment system known as “Unit,” which is partially backed by gold. The initiative is widely viewed as a step toward a more multipolar global financial system, offering diversified settlement options and increased stability in international trade.

For Ethiopia, whose BRICS membership marks a significant milestone, this gold-backed strategy presents notable advantages. It is expected to support macroeconomic stability, improve trade reliability, and enhance the country’s negotiating position in global markets, particularly for resource-rich economies seeking fairer terms of exchange.

As BRICS members deepen cooperation around gold-backed financial mechanisms, the bloc is steadily laying the groundwork for a transformed global financial architecture one defined by balance, resilience, and expanded economic choice.

BRICS and the U.S.: Navigating the New Multipolar World.Addis Ababa, Jan 15/01/2026 (ABN) The global geopolitical and ec...
17/01/2026

BRICS and the U.S.: Navigating the New Multipolar World.

Addis Ababa, Jan 15/01/2026 (ABN)

The global geopolitical and economic landscape is undergoing a profound transformation as the BRICS bloc comprising Brazil, Russia, India, China, and South Africa asserts itself as a key driver of change. Once viewed primarily as a cooperative platform for emerging economies, BRICS has evolved into a formidable actor shaping international finance, trade, and political influence. Its growing clout is increasingly being seen as a strategic challenge to the longstanding global dominance of the United States.

The expansion of the New Development Bank (NDB), coupled with the bloc’s potential inclusion of new members, underscores its ambition to create alternatives to traditional Western-led financial institutions. By providing infrastructure funding, development loans, and investment opportunities on terms often more favorable to emerging economies, BRICS is gradually redefining the rules of engagement in global finance. For Washington, this represents a shift that cannot be ignored, as the U.S. finds itself navigating a world that is no longer unipolar.

U.S. President Donald Trump has openly expressed concern over BRICS’ rising influence, reflecting broader anxieties in Washington about the erosion of American leverage. Analysts suggest that the bloc’s economic initiatives, coupled with its political coordination on issues such as energy, trade, and international governance, signal a deliberate attempt to challenge U.S. supremacy. The rise of BRICS thus represents both an economic and a geopolitical pivot, compelling the U.S. to reassess its strategies in a rapidly multipolar environment.

One of the most significant impacts of BRICS’ ascendancy is its influence on global financial flows. The bloc’s efforts to establish local currency trade settlements, reduce dependency on the U.S. dollar, and expand the NDB’s reach are reshaping the traditional mechanisms of global finance. Emerging economies that historically relied on U.S.-dominated institutions such as the International Monetary Fund (IMF) and World Bank are increasingly exploring alternative sources of capital, enhancing their negotiating power and strategic autonomy.

The geopolitical implications are equally profound. As BRICS coordinates more closely on diplomatic and security issues, it provides member states with a platform to assert collective interests on the world stage. This has the potential to shift power balances in key regions, including Africa, Latin America, and parts of Asia, challenging U.S. influence in areas long considered within its sphere. Strategic alliances, trade partnerships, and regional development initiatives led by BRICS members are reinforcing the bloc’s global footprint, signaling that the era of U.S.-centric international order is being tested.

However, the rise of BRICS is not without challenges. Divergent national interests, regional tensions, and varying economic capacities among its members could affect cohesion and long-term effectiveness. Yet, the bloc’s capacity to adapt and collaborate on core issues demonstrates resilience and strategic foresight. For the United States, this requires nuanced diplomacy, recalibrated foreign policy approaches, and renewed engagement with both allies and emerging powers to maintain relevance in a multipolar world.

From energy security to trade, technology, and infrastructure, BRICS’ initiatives illustrate a comprehensive approach to influence that extends beyond economics. Its members are actively shaping global narratives, promoting South-South cooperation, and leveraging collective bargaining power in international forums. This evolution signals a fundamental shift: global governance is increasingly shared among multiple poles of power, and unilateral strategies are giving way to complex, negotiated solutions.

In conclusion, the rise of BRICS presents a multidimensional challenge for the United States, requiring strategic adaptation and global foresight. Navigating this new multipolar world will demand recognition of emerging economic powers, recalibration of alliances, and proactive engagement in global governance frameworks. The United States faces an inflection point in history:

its ability to retain influence depends not merely on military might or economic dominance but on strategic diplomacy, collaboration, and the capacity to operate effectively within an increasingly interconnected and multipolar world.

AAbyssinia Business Network@ Union@africa for Africans

  in Focus: A New Global Order and Africa’s Emerging Voice.Addis Ababa, July 2025 (  And The Future)The 17th BRICS Summi...
07/07/2025

in Focus: A New Global Order and Africa’s Emerging Voice.

Addis Ababa, July 2025 ( And The Future)

The 17th BRICS Summit held in Brazil has once again captured global attention, not only for its geopolitical weight but also for the deepening role of developing economies in shaping a multipolar world. What started as an informal economic group of five (Brazil, Russia, India, China, and South Africa) has now evolved into an expansive alliance, welcoming new members and signaling a strong pivot away from Western-dominated institutions.

This year’s summit marks a turning point in BRICS history. With the inclusion of new members like Egypt, Ethiopia, Iran, and the UAE, the BRICS alliance is poised to reshape global economic governance. Ethiopia’s presence at the summit, led by Prime Minister Dr. Abiy Ahmed, signaled a bold new era for the Horn of Africa nation.

Rise of BRICS+
Under the theme “Sustainable Development through Multilateralism,” the summit called for the overhaul of global institutions, greater use of local currencies in trade, and the creation of an alternative financial ecosystem. The BRICS New Development Bank (NDB), headquartered in Shanghai, continues to gain traction as a viable alternative to the IMF and World Bank, especially for countries facing Western sanctions or debt stress.
With a combined GDP of over $30 trillion and nearly half the world's population, the expanded BRICS+ bloc is now a powerhouse that cannot be ignored.

’s Voice on the Global Stage
Ethiopia’s inclusion in BRICS is symbolic and strategic. As one of Africa's fastest-growing economies with bold ambitions in infrastructure, green energy, and logistics, Ethiopia's membership is a testament to its rising diplomatic and economic influence.
Prime Minister Abiy Ahmed used the platform to advocate for equitable trade, food security cooperation, and investment in digital transformation across Africa. His remarks echoed the broader African demand for a more just global economic order one that recognizes Africa not as a charity case but as a dynamic partner in innovation, trade, and peace.

BRICS Means for Ethiopia and Africa
For Ethiopia, BRICS offers opportunities for:
•Access to alternative financing for major infrastructure and energy projects through the NDB.
•Enhanced trade with large non-Western economies on better terms.
•Technological partnerships in agriculture, AI, and renewable energy.
•Diplomatic leverage to push for reform in institutions like the UN and WTO.

, more broadly, sees BRICS as a pathway to economic self-determination. With South Africa, Egypt, and Ethiopia now in the alliance, African representation is growing. This strengthens the continent’s voice in shaping global rules and financial standards.
The Global Shift

What the 2025 BRICS Summit in Rio made abundantly clear is this: the world is undergoing a seismic shift. The Western-led liberal order, anchored in institutions formed after World War II, is being rebalanced. Developing countries are no longer content to sit at the margins they’re building their own tables.

The BRICS bloc, with its commitment to sovereignty, mutual respect, and non-intervention, offers a compelling alternative model for cooperation.

For Ethiopia, participation in BRICS must be matched with internal readiness: improving ease of doing business, expanding digital infrastructure, and fostering public-private partnerships. The private sector must seize this historic opportunity to connect Ethiopian enterprises to the broader BRICS network.

In the words of Prime Minister Abiy at the summit:

“This is a moment for emerging nations to chart their own path, not in isolation, but through unity, equity, and shared ambition.”

BBRICS and The FutureTThe Ministry of Foreign Affairs of EthiopiaAAbyssinia Business NetworkAAbiy Ahmed Ali

𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚 𝐓𝐚𝐤𝐞𝐬 𝐏𝐚𝐫𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐢𝐫𝐬𝐭 𝐁𝐑𝐈𝐂𝐒 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫𝐬 𝐌𝐞𝐞𝐭𝐢𝐧𝐠The First BRICS Foreign Ministers' meeting of 2025 kicke...
28/04/2025

𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚 𝐓𝐚𝐤𝐞𝐬 𝐏𝐚𝐫𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐢𝐫𝐬𝐭 𝐁𝐑𝐈𝐂𝐒 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫𝐬 𝐌𝐞𝐞𝐭𝐢𝐧𝐠

The First BRICS Foreign Ministers' meeting of 2025 kicked off today in Rio de Janeiro, Brazil. The meeting opened with a session on the topic “the Role of BRICS in Addressing Global and Regional Crises and Advancing Pathways to Peace and Security’’.

In his remarks, Foreign Minister Gedion Timothewos reaffirmed Ethiopia’s commitment to multilateralism and collective security. He also reasserted the need to reform global governance to ensure equitable representation of developing countries especially from Africa. The Minister underscored reform of global governance institutions must aim at strengthening multilateralism with the United Nations at its center.

Acknowledging the prevailing global tensions, the Minister recognized the efforts of BRICS countries to seek peaceful and diplomatic resolution for crises through dialogue. He called for the need to ensure these efforts conclude with outcomes that adequately promote the security, economic, and overall interests of countries in the global south.

The Ministerial Meeting will continue until the close of 29 April where ministers will deliberate on various topics and adopt the Ministerial joint statement. In parallel, Minister Gedion will conduct bilateral meetings with his counterparts from BRICS countries.

The Ministry of Foreign Affairs of Ethiopia
23/04/2025

The Ministry of Foreign Affairs of Ethiopia

Ethiopia Set to Become 4th African Member of BRICS New Development Bank.

Addis Ababa, April 23/2025 (ABN)

Ethiopia is on track to join the BRICS New Development Bank (NDB), marking a significant step in its integration into global financial institutions. Ethiopian Ambassador to Brazil, Leulseged Abebe, announced that the country has submitted its application and secured unanimous political support from all BRICS member states.

This move follows Ethiopia's official accession to the BRICS bloc in January 2024, alongside Egypt, Iran, and the United Arab Emirates. Upon joining the NDB, Ethiopia will become the fourth African member, joining South Africa, Egypt, and the UAE.

Ambassador Abebe emphasized that NDB membership is a priority for Ethiopia in 2025, aiming to enhance access to development financing for key sectors such as agriculture, energy, and industry.
The NDB, established in 2015 by the BRICS nations, serves as an alternative to traditional financial institutions, offering equal decision-making power to its members.

Ethiopia's anticipated membership underscores its commitment to multilateral cooperation and its pursuit of diversified development financing sources.

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14/03/2025

Ethiopia participating in the BRICS Agricultural Working Group Meeting in Brazil

Addis Ababa - March 14, 2025 (ABN)

The BRICS Agricultural Working Group is holding its high level technical meeting in Brasilia, the capital city of Brazil from March 12-14,2025.

The Ethiopian delegation has presented and shared Ethiopia’s experience related to the agricultural development, food security and family farming programs.

On the occasion, Ambassador of Ethiopia to Brazil, Leulseged Tadese, explained that modernizing the agricultural sector and ensuring food security have been among the top priorities of the Ethiopian government.

He added that the Ethiopian government has continued to implement comprehensive and integrated agricultural development and food security and nutritional programs, including the National Wheat Harvest and Bounty of the Basket (YeLemat Trufat) initiatives which have registered remarkable results.

He also pointed out that Ethiopia is implementing the Green Legacy Initiative-an ambitious and comprehensive national program to promote reforestation, ensure food security and generate green jobs.

The Ethiopian ambassador stressed that agricultural development should be one of the areas of cooperation within the BRICS platform to exchange best practices, promote technology transfer, build capacity and promote investment in the field.

Mr. Paulo Teixeira, Minister of Agrarian Development and Family Farming of Brazil, on his part, pointed out the importance of consolidating cooperation in the agricultural sector in the BRICS platform.

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  Sherpas Meeting Concludes in BrazilAddis Ababa, February 28, 2025 (ABN News) The first BRICS Sherpas meeting of 2025, ...
27/02/2025

Sherpas Meeting Concludes in Brazil

Addis Ababa, February 28, 2025 (ABN News)

The first BRICS Sherpas meeting of 2025, held in Brazil, has officially concluded.

Ethiopia was represented at the meeting by Mamo Mihretu, Governor of the National Bank of Ethiopia.

Brazilian President Luiz Inácio Lula da Silva highlighted key priorities for Brazil’s BRICS presidency, including global health cooperation, the governance of artificial intelligence, a reformed global economic and financial architecture, effective climate finance mechanisms, strengthened South-South cooperation, and institutional development.

BRICS nations reaffirmed their commitment to multilateralism, emphasizing the need to enhance cooperation with the United Nations and other international organizations.

Ethiopia reiterated its strong commitment to multilateralism, collective security, and sustainable development during the meeting.

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