SHARE

Monday, October 28, 2024

The BRICS organization refuses to grant membership to Sri Lanka

 The BRICS organization refuses to grant membership to Sri Lanka

Foreign Affairs Minister Vijitha Herath said that Sri Lanka’s application to join BRICS as a full member was rejected by the organization.

The Minister of Foreign Affairs said that the BRICS organization has decided to reject Sri Lanka’s application considering the decision taken to keep the number of members of that organization at nine.

However, Vijitha Herath also stated that the BRICS organization has given permission to Sri Lanka to join as a partnership member country.

The Minister said that Sri Lanka has also been allowed to join the BRICS New Development Bank, which provides financial support to the member countries, but the cabinet approval is required for that.

The President of Sri Lanka has not agreed to the request to participate in the BRICS Summit, which consists of the world’s leading emerging market economies.

Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates are currently members of BRICS⍐.

No comments:

Post a Comment

Moody's may raise credit rating, SL achieves significant step forward in EDR- IMF

  Moody's may raise Sri Lanka's credit rating Moody's may raise Sri Lanka's 'Ca' long-term foreign currency rating, ...