Foreign minister warns of challenges to join BRICS

Johannesburg – Angola’s Foreign Affairs minister Manuel Augusto Friday in Johannesburg, South Africa, welcomed the country’s intention to join the BRICS, but warned that Angola should give signs of growth and development.

The minister was speaking to the press in the framework of the participation of President JoAPound o Lourenco at the 10th BRICS Summit.

The Angolan top diplomat said that the country needed to improve business environment, as one of the challenges to overcome.

“In his speech, the head of State said he hoped that the BRICS acronym would soon bears other letters. We expect the next one to include the letter A. But we are aware that this entails much more,” he said, referring to the BRICS.

According to Manuel Augusto, Angola has great potential, adding that in order to join the group the country needs to ensure that its practices, governance style, business environment, investment facilitation … are a reality.

Integrated by Brazil, Russia, India, China and South Africa, BRICS is an important group in the global scenario of the G20 and a counterweight to the G7.

The minister said that the country’s share of the global economy stood at 23.6 percent in 2017.

International Monetary Fund’s data predict a quota increase of 26.8 percent by 2022.

In 2015, BRICS accounted for 41 percent of the world’s total population.

In South Africa, JoAPound o Lourenco, who attended for the first time the event of the kind, since his election in 2017, held talk with counterparts on sidelines of BRICS summit.

Source: Angola Press News Agency