Navigating Argentina's BRICS Entry: between domestic dynamics and geopolitical Implications

González Levaggi, Ariel and Múgica, Tomás (2023) Navigating Argentina's BRICS Entry: between domestic dynamics and geopolitical Implications. LSE Global South Unit Policy Brief Series (2). LSE Global South Unit, London, UK.

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Abstract

The XV BRICS Summit is where Argentina finally received its official invitation to join BRICS. It was the culmination of a process that began in August 2022, when the country first officially expressed a desire to join the influential group. The matter of enlarging BRICS, which had stirred internal disagreements, particularly between China and the rest, has swept-in nations as diverse as Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. Argentine President Alberto Fernández enthusiastically welcomed his country's membership, which is slated to take effect on January 1st, 2024. He believes Argentina will gain enhanced access to external financing and become an integral part of a Global South reformist coalition that advocates a new and better international financial architecture. Yet his political opposition openly denounced membership of BRICS in the midst of an unanticipated electoral process. Notwithstanding that President Fernández (now in the twilight of his tenure) has been the main advocate of BRICS membership, Argentina’s future with that organization is still uncertain. The nation has commenced its electoral process, and a new President is expected to be elected by October (or November if a second round is required). Consequently, an important question looms: What position will the new government take regarding BRICS?

Item Type:	Monograph (Report)
Additional Information:	© 2023 The Authors
Divisions:	IGA: LSE IDEAS
Subjects:	J Political Science > JZ International relations J Political Science J Political Science > JL Political institutions (America except United States)
Date Deposited:	02 Oct 2023 14:45
Last Modified:	02 Oct 2023 14:45
URI:	http://eprints.lse.ac.uk/id/eprint/120342

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