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BRICS leaders have adopted the final declaration of the 15th BRICS summit, dubbed Johannesburg 2, and a press conference on its outcome is underway.

Meanwhile we have compiled the main results of the third day of the summit:

▪️ After the expansion, BRICS GDP will account for 37% of the global GDP share.

▪️ Additionally, after the expansion, the population of the BRICS countries will be 46% of the world population.

▪️ The BRICS group will hold 44.35% of the world’s oil reserves after the addition of Argentina, Egypt, Iran, UAE, Saudi Arabia, and Ethiopia.

▪️ The BRICS countries now account for 48.5 million square kilometers, which is 36% of the world’s land area. This is more than double that of the G7.

▪️ BRICS leaders have tasked the Ministries of Finance and Central Banks of their countries to launch payment instruments based on national currencies.

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