The 16th BRICS Summit in Kazan, Russia, provided a platform for emerging economies to promote multilateral cooperation and global development, according to Russian Ambassador to Ethiopia Evgeny Terekhin.
He noted that the BRICS have launched initiatives to improve food security, digital health, and traditional medicine access.
“The summit welcomed the inclusion of the African Union in the G20. Also culture recognized as a catalyst for achieving Sustainable Development Goals," Evgeny Terekhin said.
Terekhin views Ethiopia's entry into BRICS as a "hopeful new era" for the nation, promising political and economic benefits. He highlighted the unique nature of BRICS, emphasizing its flexible, multilateral approach that gives all member states an equal voice in decision-making.
Ethiopia's large population, economic potential, and geopolitical significance position it to benefit immensely from BRICS membership, the ambassador noted.
“Ethiopia is well-positioned to benefit from BRICS membership. Its rich farmlands, extensive mineral resources, renewable energy potential, and a burgeoning tech sector all contribute to an optimistic outlook in the BRICS framework,” the ambassador said.
BRICS offers promising avenues for loans and assistance, crucial for Ethiopia's aspirations for prosperity, Evgeny Terekhin concluded.