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G20 Summit 2023 LIVE: Read all the latest updates at Mint's liveblog: Fellow G7 members Britain, Canada, Japan and Italy will be represented by their respective premiers Rishi Sunak, Justin Trudeau, Fumio Kishida and Giorgia Meloni.Brazil's President Luiz Inacio Lula da Silva is coming and Argentina's Alberto Fernandez is expected, but Mexican President Andres Manuel Lopez Obrador is likely to skip the G20 Summit.United Nations Secretary-General Antonio Guterres will attend as an observer, with the heads of the IMF and the World Bank also in attendance.Other leaders expected to attend include Bangladesh Prime Minister Sheikh Hasina and Nigerian President Bola Tinubu.

BRASILIA (Reuters) — Brazil's top central bank officials on Friday praised the government's commitment to eliminate the primary deficit in its 2024 budget, saying fiscal improvement is vital for aligning inflation expectations with official targets.

By Marta Nogueira

BRICS countries, which was held in South Africa, received unprecedented international attention. Some commentators even invoked the Bandung conference of 1955, where leaders of India, China, Indonesia, Egypt and Yugoslavia launched the non-aligned movement (NAM). It seemed as though another generation of leaders, this time from Brazil, Russia, India, China and South Africa, were building an alternative to the US-dominated global order.

Narendra Modi on Thursday, who was on a three-day visit to South Africa to attend the 15th BRICS summit, presented special gifts to the organization's leaders including South African president Cyril Ramaphosa, First Lady of South Africa Tshepo Motsepe, and Brazilian president Luiz Inácio Lula da Silva. PM Modi gifted Bidri a pair of 'Surahi' from Telangana to South African President Cyril Ramaphosa. Bidrivase is a purely Indian innovation of 500-year-old Persian, exclusive to Bidar.

Brics is set to add heft to the grouping of emerging economies as it announced on Thursday the inclusion of six new members, including India's key partners in the Gulf and North Africa, a development that Prime Minister Narendra Modi described as a message that «all global institutions need to transform considering the changing times». South Africa's President Cyril Ramaphosa made the announcement at a joint press conference of the leaders of the current members — Brazil, Russia, India, China and South Africa — on the concluding day of the 15th Brics summit in Johannesburg. «We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of Brics from 1 January 2024,» said the joint declaration issued at the end of the 15th Brics summit. At the summit, the Brics leaders tasked their finance ministers and central bank governors, as appropriate, to consider the issue of local currencies, payment instruments and platforms, and report back to leaders by the next summit.Deep relations The group also decided to clear the path for further expansion. «We have also tasked our foreign ministers to further develop the Brics partner country model and a list of prospective partner countries and report by the next summit,» said the joint statement. Prime Minister Modi said at the joint press conference — in the presence of Ramaphosa, Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva — that the decision to expand the grouping will strengthen the belief of many countries in a multipolar world. The PM said the inclusion of new members will

Iran and Saudi Arabia are among six nations that have been invited to join the BRICS bloc of developing economies, along with the United Arab Emirates, Argentina, Egypt and Ethiopia

Check the latest updates hereBRICS countries have economies vastly different in scale and governments with often divergent foreign policy goals, a complicating factor for a bloc whose consensus decision-making model gives each member a de facto veto.Bloc heavyweight China has long called for an expansion of BRICS as a means of fostering a multipolar world order to challenge Western dominance."The world ... has entered a new period of turbulence and transformation," China's President Xi Jinping said on Wednesday.

The leaders of Brazil, Russia, India, China and South Africa have held closed-door discussions on the possible expansion of their BRICS economic bloc

BRICS leaders met on Tuesday to plot the future course of the bloc of developing nations but divisions re-emerged ahead of a critical debate over a potential expansion of the group intended to boost its global clout.Heightened tensions in the wake of the Ukraine war and Beijing’s growing rivalry with the United States have pushed China and Russia — whose President Vladimir Putin will attend the meeting virtually — to seek to strengthen BRICS.They are seeking to use the Aug.

Russian President Vladimir Putin and Chinese President Xi Jinping are both absent as leaders from the BRICS group of emerging economies open a three-day summit in South Africa

Russian President Vladimir Putin will be notably absent when Chinese President Xi Jinping and other leaders from the BRICS group of emerging economies begin a three-day summit in South Africa on Tuesday

COVID-19 pandemic. The BRICS group was formed in 2009 by Brazil, Russia, India and China. South Africa was added in 2010.

BRICS economic alliance, comprising Brazil, Russia, India, China and South Africa, are gathering in Johannesburg's financial district of Sandton for a three-day summit. The meeting is anticipated to witness discussions on ways to consolidate political and economic influence in the developing world, marking a pivotal moment in international diplomacy. China's President Xi Jinping's participation in the summit underscores the nation's continued investment in the BRICS alliance as a vehicle for its strategic aspirations.

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week

Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.

China's Foreign Ministry has confirmed that President Xi Jinping will attend next week's summit of the BRICS nations in Johannesburg, to be followed by a state visit to South Africa

SAO PAULO (Reuters) — Brazilian President Luiz Inacio Lula da Silva said on Monday he hopes for the United States to want to invest in Brazil so the two countries can work to «drive the energy transition forward.»

Global South, are quietly revising them. The Global South sees a chance to chart its own future. Nirupama Menon Rao, a former Indian foreign secretary, points to her country’s spreading of digital payments to developing nations.

By Leonardo Benassatto and Ueslei Marcelino

BELEM, Brazil (Reuters) — Environmental demonstrators protested on Sunday against plans by Brazilian state-run oil company Petrobras to drill for oil at the mouth of the Amazon (NASDAQ:AMZN) river.