Brazil's BRICS chairmanship may be postponed until 2025

On the sidelines of the World Economic Forum in Davos, Brazilian Finance Minister Fernando Haddad told correspondents that the country intends to move the BRICS presidency to 2025. Brazil was supposed to head the union in 2024.

The government took this decision to avoid coinciding with Brazil's presidency of the Group of Twenty (G20) next year.

The remaining BRICS member states are currently discussing moving the Brazilian presidency of the alliance from 2024 to 2025. This was announced by Chinese Foreign Ministry spokesman Wang Wenbin.

In addition, Fernando Haddad informed that the Brazilian authorities are assessing the conditions for joining the Organisation for Economic Co-operation and Development (OECD). According to the finance minister, "there is no obstacle for Brazil to seek membership in accordance with its interests".

Haddad noted that the government of President Luiz Inácio Lula da Silva is still studying the terms of possible membership. It should be recalled that joining the group was one of the international policy priorities of the previous Jair Bolsonaro administration.

Earlier in the day, the minister held a bilateral meeting with OECD Secretary General Mathias Cormann and stressed that the Brazilian government would seek closer relations with its partners and trade blocs, as reported by Brasil247, a partner of TV BRICS.

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