A wave of media reports suggested that Algeria could join BRICS. However, these rumors are indeed based on shaky grounds, as a government source confirmed that Algeria has turned the page and has no ambition to join the conglomerate.
Dominated by the IMF, BRICS decisions seem to be part of a geopolitical strategy rather than in economic logic.
BRICS membership: a closed file for Algeria
Despite speculation about a potential invitation from BRICS, Algeria has officially put an end to these hopes.
Indeed, during the Johannesburg summit, which was held in August 2023, a total of six countries were selected to join the organization. However, to everyone’s surprise, Algeria was not admitted. An exclusion which has raised several questions due to the absence of valid explanations on an economic level. A situation which today pushes Algeria has turned its back on this organization.
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However, according to rumors circulating, one of the BRICS members would have imposed a veto against Algeria’s membership in the group. Furthermore, it seems that a Gulf emirate was at the origin of this opposition.
Indeed, although the Algerian authorities are surprised by the BRICS decision. In their eyes, the real loss lies with them. The organization, through this position, deprives itself of a partner with various assets, notably its strategic positioningits large surface area and its energy wealth.
Algeria excluded from the conglomerate, but why?
The restrictive BRICS process reflects its strategic interests, which are not based on economic logic. The choice of countries whose economic performance is lower than that of Algeria. Which are welcomed by the IMF and the World Bank, raise questions about the BRICS objectives... Promote the emergence of the global economy or ally with politically influential partners?
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Faced with the position of the BRICS, Algeria will no longer return to this page. Furthermore, it will continue to defend its position with the members of the organization in other frameworks such as the Group of 77, the Non-Aligned Movement, or the UN Security Council.
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