2023-08-23 21:43:00
The press conference offered this Wednesday from Johannesburg, where he is attending the summit of the Bricsby Brazilian Finance Minister Fernando Haddad. In it, he spoke of Argentina and defined a last proposal that the president Lula da Silva he formulated to Alberto Fernández. It is regarding using reserves in yuan that the country has, on account of a swap extended by China, as a guarantee of the financing in reais that the Bank of Brazil will offer to its exporters over a year.
“We made that proposal. We would take the value of the yuan in reais and from that receipt we will be able to finance our exporters. For Brazil it would be good, because a guarantee in yuans for the BB loans reassures the Treasury in the event of a possible default risk. Now we are waiting for the response from Buenos Aires”.
Other key information that has just come out this followingnoon is that Argentina is among the 5 countries to be integrated as new partners within the group that includes Brazil, India, China, Russia and South Africa. Also on the list are Iran, Saudi Arabia, the United Arab Emirates and Egypt.
Santiago Cafiero: “Argentina continues with the desire to join the BRICS”
The extension, which was revealed by the UOL correspondent in Geneva, Jamil Chade, would be known tomorrow. But the subject is already formulated in a draft, which will surely be this Thursday, August 24. Despite the fact that Presidents Vladimir Putin and Xi Jinping participated virtually, the matter was extensively discussed with the presidents of South Africa, Brazil and India, in a reserved meeting shortly following noon.
What both the Chinese and the Russians are sure of is that this expansion must happen. The distribution of countries, which may become active members, respected the geographical distribution. Argentina will enter at the insistence of the Lula government; the case of Iran is due to the close relationship it maintains with the Kremlin; Egypt, without a doubt, due to its importance within Africa and the two Arab nations due to Chinese interests. The other factor that was taken into account was the belonging of these five countries to the G20 group.
Finally, it came out from the same source that Brazil agreed to expand the Brics if Beijing and Moscow accepted the entry of three new countries to the United Nations Security Council: Brazil, India and South Africa. He also points out that there would be no problem with incorporating Brazilians into this select body of five countries, which includes the United States, Great Britain and France. They are the only ones with the right to veto any UN resolution that does not suit them. The plan to increase the number of members of the Brics was undoubtedly an initiative of China, seeking to expand the international influence of the bloc.
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