BRICS | Uganda to Become a BRICS Partner State Starting on January 1 2025

Countries with this status can participate permanently in special BRICS summit sessions, ministerial meetings, and other high-level events. Additionally, partners are allowed to contribute to the group’s outcome documents.

kodzilla··3 min read

Uganda is set to officially become a BRICS partner state on January 1 2025, according to Yury Ushakov, an aide to Russian President, Vladimir Putin.

Earlier in 2024, Ugandan President said the country has the option of non-Bretton Woods institutions if it has to borrow loans. This followed a move by the World Bank to suspend funding for projects in Uganda citing human rights violations from the enactment of the anti-homosexuality law.

The BRICS New Development bank (NDB) provides loans based solely on economic need and repayment terms without linking them to political conditions. In contrast, the IMF often includes requirements such as democratic reforms, human rights considerations, and preferential trade agreements with Western countries as part of its lending conditions.

In August 2023, the BRICS bank issued a maiden South African ZAR bond of 1.5 billion ZAR (equivalent to $79 million) becoming the highest rated issuer since 2015.

The BRICS ‘partner country’ category, introduced during the group’s October 2024 summit hosted in the Russia city of Kazan, offers an alternative to full membership for the more than 30 nations that have applied to join.

Countries with this status can participate permanently in special BRICS summit sessions, ministerial meetings, and other high-level events. Additionally, partners are allowed to contribute to the group’s outcome documents.

 

“One of the important results of the summit [in Kazan] was the establishment of the category of BRICS partner countries and agreement on a list of 13 states. Appropriate invitations were sent to these states,” Ushakov said at a press briefing.

“Confirmations of readiness to become a BRICS partner state have been received by today from Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda, and Uzbekistan,” he announced.

 

He noted that four additional countries are expected to confirm their participation soon.

BRICS, originally consisting of Brazil, Russia, India, China, and South Africa, expanded earlier this year [2024] to include:

  • Egypt
  • Iran
  • Ethiopia, and
  • The United Arab Emirates (UAE)

In recent years, several African nations have shown interest in joining BRICS as they look to expand their partnerships beyond traditional Western allies and diversify their trade and economic relationships.

In December 2024, Nigeria requested South Africa’s support for its bid to join the group of leading and emerging economies, while Zimbabwe and Algeria are also pursuing membership.

According to Ushakov, over two dozen countries, including 8 African, are currently expressing interest in cooperating with BRICS.

These countries include:

 

 

 

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