BRICS Provides Balance for Global Trade and Investment, Says Global Investment Advisor

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BRICS Provides Balance for Global Trade and Investment, Says Global Investment Advisor - Sputnik Africa, 1920, 21.05.2025
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BRICS Provides Balance for Global Trade and Investment, Says Global Investment Advisor

By some measures, the gross domestic product of BRICS members is larger than that of the G7, which makes the institution stronger, Ethiopian Finance expert Zemedeneh Negatu said in an interview with Sputnik Africa on the sidelines of the Ethiopian Financial Forum.

“The success of BRICS will improve the lives of billions of people around the world... I believe that BRICS was established not to replace what is there, but to complement and improve it,” he said.

Regarding the BRICS New Development Bank, he explained that it is providing significant infrastructure financing to emerging markets.

“BRICS has positively improved the way the world economy has been for the past 50 or 60 years,” said Zemedeneh Negatu.

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