DOI: 10.3897/brics-econ.5.e129530

Authors: Wen Wang, Chen Long

Abstract: After the expansion of BRICS, its cooperation mechanism has officially transitioned to a new phase termed “Greater BRICS Cooperation”. This paper explores methods to enhance collaboration among the greater BRICS nations from the perspective of China. Employing textual and empirical analysis, this study observes that the developmental disparities between the global North and South have gradually diminished, amplifying the eagerness and capacity of developing nations to engage in global governance. Simultaneously, the original BRICS cooperation framework faces pressure to adapt alongside changes in its member composition. As a prominent BRICS member, China is urged to leverage its developmental expertise to drive standardized expansion protocols and foster internal and external cooperation. Internally, the association needs to standardize expansion procedures, enhance the institutional framework, and boost professionalism. Externally, it should establish a BRICS regional cooperation committee and strengthen ties with international organizations. These efforts aim to propel high-quality development and comprehensive advancement within the BRICS cooperation mechanism.

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DOI: 10.3897/brics-econ.5.e133581

Authors: Nikolay Nenovsky, Gildas Bondi

Abstract: On 6 July 2024 in Niamey, the leaders of Mali, Burkina Faso and Niger signed the constitutive act of the Confederation of Sahel States, at the same time confirming the departure of these three countries from the Economic Community of West African States (ECOWAS). The new Confederation of the Sahel States has decided, among other things, to set up an investment bank and a stabilisation fund. It is therefore plausible that the confederation will soon adopt a common currency. This issue is of utmost importance for many countries so it is worthwhile to see how the proposed new currency will be guaranteed by the natural resources of the Alliance of Sahel States (AES). The aim of this article is to examine the theoretical foundations and practical aspects underlying the creation of a common currency based on natural resources within the AES.

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