In the ever-evolving landscape of global economics and politics, two acronyms have been making significant waves: the G20 and BRICS+. These groups, representing major economies worldwide, are redefining international relations and economic strategies.

The G20: A Forum in Flux

The G20, established in 1999, brings together 19 countries and the European Union, accounting for approximately 85% of the world's GDP and over 75% of global trade. It serves as a platform for international economic cooperation, addressing issues ranging from financial stability to climate change. However, recent events have highlighted challenges within the G20 framework.

The recent G20 finance ministers' meeting in South Africa saw significant absences, including U.S. Treasury Secretary Scott Bessent and Japan's Finance Minister Katsunobu Kato. This poor turnout underscores the organisation's waning relevance amid strained global cooperation, exacerbated by US President Donald Trump.

South Africa, holding the G20 presidency for the first time, emphasised pressing issues such as debt relief and climate change. President Cyril Ramaphosa called for collective action towards a resilient and equitable global economy. Yet, the US's America First stance and limited participation in G20 events highlight internal divisions that challenge the group's effectiveness.

BRICS+: Expansion and Influence

Parallel to the G20's challenges is the rising bloc BRICS, gaining momentum, especially with its recent expansion to BRICS+. The 2024 summit in Kazan, Russia, marked a pivotal moment as the bloc welcomed further countries adding to the bloc's collective power, with 9 partner states.

This expansion signifies BRICS+'s ambition to amplify the voice of the Global South in international affairs. The inclusion of diverse economies enhances the bloc's economic clout and geopolitical influence, positioning it as a counterbalance to traditional Western-dominated institutions. The establishment of the New Development Bank (NDB) further underscores BRICS+'s commitment to providing alternative financial mechanisms for emerging markets.