BRICS-Plus: the New Force in Global Governance

... BRICS countries, namely BIMSTEC (India), Eurasian Economic Union (Russia), African Union (South Africa), MERCOSUR (Brazil), and SCO (China). The benefits of creating such a BRICS+ platform are manifold, including the multiplier effect that this format ... ... BRICS participation include the Eurasian Fund for Stabilisation and Development (EFSD), BRICS Contingency Reserve Arrangement (BRICS CRA), and CMIM – Chiang Mai Initiative Multilateralisation. This platform may have the option of financing stabilization ...