A leading South American country could join the BRICS alliance during the 2025 summit in July. The 17th…

A leading South American country could join the BRICS alliance during the 2025 summit in July. The 17th summit is scheduled to take place in Brazil’s Rio De Janeiro on July 7 and 8, during which the 10-member bloc will meet to discuss trade policies, currency options, and new memberships. The alliance’s decisions are consensus-based, as all nations have to agree to move forward on a policy.

Also Read: BRICS Erodes Trust in the US Dollar

No South American country has been part of the BRICS alliance, and things could change after the 2025 summit. Even the 13 ‘partner countries’ are not from South America, while Cuba, the closest, is in the Caribbean. This year’s summit could see major changes in how the bloc operates and advance the de-dollarization agenda on the global stage.

Also Read: BRICS: European Firms Get Requests For Local Currencies, Not US Dollar

BRICS: South American Nations Colombia Wants to Join BRICS After 2025 Summit

Brazil, which chairs the upcoming summit, has proposed that the South American nation of Colombia join BRICS in 2025. “Our President Lula da Silva suggested Colombia as a new full-fledged member of BRICS. This issue was discussed by the group’s members,” said Brazilian Ambassador to Russia Rodrigo de Lima Baena Soares.

Also Read: BRICS: JP Morgan Predicts 20% Decline in the US Dollar

He also explained that Trump’s trade wars and tariffs led to the South American country Colombia considering BRICS in 2025. “What President Trump did was throw us into an abyss of opportunity,” he said. The decision to allow Colombia into the bloc will be consensus-based at the 17th summit in July.

The South American nation Colombia has also requested to join the BRICS bank ‘New Development bank’ after the 2025 summit. Entry into NDB will allow Colombia to see new loans outside the Western-dominated International Monetary Fund (IMF). “We would need to talk about new loans, talks about the purchase of debt. And it’s there that great possibilities emerge with a bank like the BRICS’ new bank, on top of loans we could obtain for the issue of education or infrastructure,” said Congressman Alejandro Toro.