The influence of BRICS on the global economy is growing as the number of member countries increases, and the importance of cooperation with Africa is also growing, according to an analytical article in the Zimbabwean newspaper Herald.

“As the number of BRICS member countries increases, so will the organization’s influence on the global economy. One of the most obvious manifestations of this trend is the gradual weakening of the dollar with a view to its replacement in global trade settlements. In the near future, this will be supplemented by such factors as the strengthening of food security in the BRICS countries, the demise of the Visa and Mastercard payment systems, and the gradual abandonment of SWIFT,” the article notes.

The Zimbabwean publication notes that BRICS is strengthening its position in Africa through large-scale investments, which could create a new source of funding for the continent’s development.