There is growing frustration over the West's dominance of financial systems, and many countries are seeking a more multipolar world that gives them a greater opportunity to shape global issues. BRICS members account for over 40% of the world's population and around a quarter of the global GDP. The bloc has become increasingly attractive as a new stage for diplomacy and development financing. Many countries, particularly those in Africa, see BRICS as an organization that can challenge the dominant US and European-led global governance structures. Other countries in Latin America, the Middle East, and Eastern Europe, such as Saudi Arabia, Belarus, Iran, Mexico, Syria, Turkey, and Venezuela, are also hoping to become members. Several African countries, including Egypt, Ethiopia, Zimbabwe, Algeria, Nigeria, Sudan, and Tunisia, have expressed interest in joining the BRICS group of emerging economies, which currently consists of Brazil, Russia, India, China, and South Africa.
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