IBOV 177,894.97 ▼ 0.06% IPSA 10,995.57 ▼ 0.49% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,188,971 ▼ 2.61% COLCAP 2,374.67 ▼ 0.42% BVL PERÚ 57,475.88 — — USD/BRL5.14▲ 0.99% USD/MXN17.25▼ 0.52% USD/CLP910.55▼ 1.61% USD/COP3,200▲ 2.14% USD/PEN3.39▼ 0.04% USD/ARS1,496▲ 0.12% USD/UYU40.19▲ 1.51% USD/PYG5,932▲ 1.71% USD/BOB12.03▲ 3.12% USD/DOP58.31▲ 2.03% USD/CRC446.90▲ 1.41% USD/GTQ7.62▲ 2.50% USD/HNL26.78▲ 1.90% USD/NIO36.62▲ 1.01% USD/VES750.21▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.61▲ 0.85% USD/TTD6.71▲ 1.12% EUR/BRL5.91▲ 0.95% BRENT 78.69 ▼ 6.06% WTI 75.14 ▼ 6.47% IRON ORE 161.91 — — COPPER 6.63 ▲ 1.80% GOLD 4,134 ▲ 2.49% SILVER 59.75 ▲ 3.61% SOY 1,177 ▲ 0.73% CORN 465.25 ▲ 3.56% WHEAT 638.00 ▼ 2.00% COFFEE 307.70 ▼ 3.69% SUGAR 15.06 ▲ 0.33% ORANGE JUICE 157.35 ▼ 0.63% COTTON 81.44 ▲ 0.11% COCOA 6,089 ▲ 2.53% BEEF 227.85 ▼ 1.41% CATTLE 345.95 ▼ 0.54% LITHIUM 71.69 ▲ 3.28% PETR4 42.50 ▼ 1.28% VALE3 76.31 ▲ 2.24% ITUB4 42.10 ▼ 2.48% BBDC4 18.22 ▼ 1.68% ABEV3 15.87 ▲ 0.63% BBAS3 20.99 ▼ 1.32% B3SA3 15.70 ▲ 0.51% WEGE3 49.17 ▲ 2.01% PRIO3 58.45 ▼ 0.09% SUZB3 43.02 ▼ 0.19% RENT3 39.09 ▲ 2.60% AZZA3 16.04 ▼ 1.17% CSAN3 4.05 ▼ 1.22% RAIZ4 0.28 ▲ 7.69% PCAR3 2.75 — 0.00% GMAT3 3.95 ▼ 0.50% PSSA3 54.25 ▲ 0.46% CVCB3 1.38 ▼ 4.17% POSI3 3.50 ▼ 0.28% SLCE3 13.57 ▲ 1.65% NATU3 8.42 ▼ 0.94% BRKM5 5.83 ▼ 2.18% RANI3 8.34 ▼ 0.95% CSNA3 4.79 ▲ 6.21% CMIN3 5.91 ▲ 3.14% USIM5 7.52 ▼ 0.53% GGBR4 25.87 ▲ 0.94% ENEV3 27.16 ▲ 1.53% CPFE3 46.35 ▲ 0.52% CMIG4 11.28 — 0.00% EQTL3 39.21 ▲ 0.82% LREN3 13.67 ▼ 1.30% VIVT3 31.65 ▼ 2.01% RAIL3 14.12 ▼ 0.28% KLABIN 18.25 ▲ 0.05% RAIA DROGASIL 19.41 ▲ 2.97% RDOR3 34.40 ▲ 1.00% HAPV3 11.78 ▼ 1.09% FLRY3 17.49 ▲ 1.27% SMTO3 13.94 ▼ 3.06% UGPA3 32.60 ▼ 1.51% VBBR3 35.44 ▼ 1.91% BBSE3 42.07 ▲ 1.72% BPAC11 56.75 ▼ 0.65% CURY3 31.75 ▲ 0.95% AERI3 2.19 ▲ 1.86% VIVARA 22.60 ▼ 1.05% COMPASS 24.60 ▼ 1.99% VAMOS 3.33 ▲ 2.15% SANB11 29.10 ▲ 0.59% ASAI3 8.66 ▲ 1.29% SBSP3 28.01 ▲ 1.60% WALMEX 50.13 ▲ 0.68% GMEXICO 217.50 ▲ 2.44% FEMSA 218.19 ▲ 0.42% CEMEX 20.10 ▼ 2.43% GFNORTE 197.72 ▼ 0.46% BIMBO 61.07 ▼ 0.36% TELEVISA 9.60 ▼ 1.23% AMX 21.54 ▼ 0.32% GAP 382.00 ▲ 1.57% ASUR 276.31 ▼ 0.82% OMA 239.84 ▲ 4.11% KOF 187.55 ▲ 1.36% GRUMA 263.07 ▼ 0.34% KIMBER 40.31 ▲ 0.45% SQM-B 62,450 ▲ 0.87% COPEC 6,229 ▼ 1.78% BSANTANDER 79.40 ▼ 1.29% FALABELLA 6,260 ▼ 1.94% ENELAM 87.70 ▲ 0.80% CENCOSUD 1,987 ▲ 1.64% CMPC 1,040 ▼ 0.95% BANCO CHILE 189.02 ▼ 1.80% LATAM AIR 25.45 ▲ 0.79% YPF 7,855 ▼ 3.08% GGAL 7,750 ▼ 2.76% PAMPA 5,375 ▼ 2.27% TXAR 649.00 ▼ 0.84% ALUAR 935.00 ▼ 3.26% TGS 9,520 ▼ 3.74% CEPU 2,303 ▼ 2.83% MIRGOR 1,640 — 0.00% COME 41.92 ▼ 2.94% LOMA NEGRA 3,488 ▼ 2.79% BYMA 291.50 ▼ 0.34% TELECOM ARG 4,358 ▼ 0.63% ECOPETROL 16.31 ▼ 1.78% BANCOLOMBIA 90.01 ▼ 1.21% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 392.12 ▼ 0.93% SOUTHERN COPPER 195.16 ▲ 4.98% BUENAVENTURA 32.26 ▲ 5.87% MERCADOLIBRE 1,889 ▼ 0.54% NUBANK 14.33 ▼ 0.76% XP 16.97 ▼ 0.35% PAGSEGURO 9.50 ▼ 1.04% STONE 11.23 ▼ 1.06% GLOBANT 38.13 ▲ 2.67% TECNOGLASS 46.25 ▼ 1.10% GAP AIRPORT 220.70 ▲ 1.17% ASUR 276.31 ▼ 0.82% OMA AIRPORT 111.00 ▲ 4.00% AMX ADR 24.88 ▼ 0.32% FEMSA ADR 126.28 — 0.00% CEMEX ADR 11.61 ▼ 1.94% PETROBRAS ADR 18.72 ▼ 1.78% VALE ADR 14.83 ▲ 1.71% ITAU ADR 8.19 ▼ 3.53% SANTANDER BR 5.69 ▼ 0.96% AMBEV ADR 3.04 ▼ 0.33% CSN 0.94 ▲ 0.56% GERDAU 5.10 ▲ 0.79% LATAM ADR 55.69 ▲ 2.16% BTC 64,196 ▲ 1.16% ETH 1,872 ▲ 0.74% SOL 74.04 ▲ 0.77% XRP 1.08 ▲ 0.17% BNB 593.21 ▲ 0.75% ADA 0.19 ▲ 0.33% DOGE 0.07 ▲ 0.12% AVAX 6.70 ▲ 2.05% LINK 8.19 ▲ 0.20% DOT 0.84 ▲ 2.39% LTC 44.80 ▲ 1.25% BCH 213.71 ▲ 0.28% TRX 0.33 ▼ 0.37% XLM 0.17 ▼ 0.89% HBAR 0.07 ▼ 1.03% NEAR 1.73 ▼ 0.32% ATOM 1.37 ▲ 0.61% AAVE 90.33 ▼ 2.11% SELIC 14.25% EMBRAER 90.51 ▲ 1.02% EMBRAER ADR 70.52 ▼ 0.59% JBS 13.61 ▼ 1.09% JBS BDR 70.07 ▲ 0.72% MBRF3 16.93 ▼ 4.35% MBRFY 3.27 ▼ 2.97% INTER 5.70 ▲ 1.24% IBOV 177,894.97 ▼ 0.06% IPSA 10,995.57 ▼ 0.49% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,188,971 ▼ 2.61% COLCAP 2,374.67 ▼ 0.42% BVL PERÚ 57,475.88 — — USD/BRL 5.14 ▲ 0.99% USD/MXN 17.25 ▼ 0.52% USD/CLP 910.55 ▼ 1.61% USD/COP 3,200 ▲ 2.14% USD/PEN 3.39 ▼ 0.04% USD/ARS 1,496 ▲ 0.12% USD/UYU 40.19 ▲ 1.51% USD/PYG 5,932 ▲ 1.71% USD/BOB 12.03 ▲ 3.12% USD/DOP 58.31 ▲ 2.03% USD/CRC 446.90 ▲ 1.41% USD/GTQ 7.62 ▲ 2.50% USD/HNL 26.78 ▲ 1.90% USD/NIO 36.62 ▲ 1.01% USD/VES 750.21 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.61 ▲ 0.37% USD/TTD 6.71 ▲ 0.83% EUR/BRL 5.91 ▲ 0.95% BRENT 78.69 ▼ 6.06% WTI 75.14 ▼ 6.47% IRON ORE 161.91 — — COPPER 6.63 ▲ 1.80% GOLD 4,134 ▲ 2.49% SILVER 59.75 ▲ 3.61% SOY 1,177 ▲ 0.73% CORN 465.25 ▲ 3.56% WHEAT 638.00 ▼ 2.00% COFFEE 307.70 ▼ 3.69% SUGAR 15.06 ▲ 0.33% ORANGE JUICE 157.35 ▼ 0.63% COTTON 81.44 ▲ 0.11% COCOA 6,089 ▲ 2.53% BEEF 227.85 ▼ 1.41% CATTLE 345.95 ▼ 0.54% LITHIUM 71.69 ▲ 3.28% PETR4 42.50 ▼ 1.28% VALE3 76.31 ▲ 2.24% ITUB4 42.10 ▼ 2.48% BBDC4 18.22 ▼ 1.68% ABEV3 15.87 ▲ 0.63% BBAS3 20.99 ▼ 1.32% B3SA3 15.70 ▲ 0.51% WEGE3 49.17 ▲ 2.01% PRIO3 58.45 ▼ 0.09% SUZB3 43.02 ▼ 0.19% RENT3 39.09 ▲ 2.60% AZZA3 16.04 ▼ 1.17% CSAN3 4.05 ▼ 1.22% RAIZ4 0.28 ▲ 7.69% PCAR3 2.75 — 0.00% GMAT3 3.95 ▼ 0.50% PSSA3 54.25 ▲ 0.46% CVCB3 1.38 ▼ 4.17% POSI3 3.50 ▼ 0.28% SLCE3 13.57 ▲ 1.65% NATU3 8.42 ▼ 0.94% BRKM5 5.83 ▼ 2.18% RANI3 8.34 ▼ 0.95% CSNA3 4.79 ▲ 6.21% CMIN3 5.91 ▲ 3.14% USIM5 7.52 ▼ 0.53% GGBR4 25.87 ▲ 0.94% ENEV3 27.16 ▲ 1.53% CPFE3 46.35 ▲ 0.52% CMIG4 11.28 — 0.00% EQTL3 39.21 ▲ 0.82% LREN3 13.67 ▼ 1.30% VIVT3 31.65 ▼ 2.01% RAIL3 14.12 ▼ 0.28% KLABIN 18.25 ▲ 0.05% RAIA DROGASIL 19.41 ▲ 2.97% RDOR3 34.40 ▲ 1.00% HAPV3 11.78 ▼ 1.09% FLRY3 17.49 ▲ 1.27% SMTO3 13.94 ▼ 3.06% UGPA3 32.60 ▼ 1.51% VBBR3 35.44 ▼ 1.91% BBSE3 42.07 ▲ 1.72% BPAC11 56.75 ▼ 0.65% CURY3 31.75 ▲ 0.95% AERI3 2.19 ▲ 1.86% VIVARA 22.60 ▼ 1.05% COMPASS 24.60 ▼ 1.99% VAMOS 3.33 ▲ 2.15% SANB11 29.10 ▲ 0.59% ASAI3 8.66 ▲ 1.29% SBSP3 28.01 ▲ 1.60% WALMEX 50.13 ▲ 0.68% GMEXICO 217.50 ▲ 2.44% FEMSA 218.19 ▲ 0.42% CEMEX 20.10 ▼ 2.43% GFNORTE 197.72 ▼ 0.46% BIMBO 61.07 ▼ 0.36% TELEVISA 9.60 ▼ 1.23% AMX 21.54 ▼ 0.32% GAP 382.00 ▲ 1.57% ASUR 276.31 ▼ 0.82% OMA 239.84 ▲ 4.11% KOF 187.55 ▲ 1.36% GRUMA 263.07 ▼ 0.34% KIMBER 40.31 ▲ 0.45% SQM-B 62,450 ▲ 0.87% COPEC 6,229 ▼ 1.78% BSANTANDER 79.40 ▼ 1.29% FALABELLA 6,260 ▼ 1.94% ENELAM 87.70 ▲ 0.80% CENCOSUD 1,987 ▲ 1.64% CMPC 1,040 ▼ 0.95% BANCO CHILE 189.02 ▼ 1.80% LATAM AIR 25.45 ▲ 0.79% YPF 7,855 ▼ 3.08% GGAL 7,750 ▼ 2.76% PAMPA 5,375 ▼ 2.27% TXAR 649.00 ▼ 0.84% ALUAR 935.00 ▼ 3.26% TGS 9,520 ▼ 3.74% CEPU 2,303 ▼ 2.83% MIRGOR 1,640 — 0.00% COME 41.92 ▼ 2.94% LOMA NEGRA 3,488 ▼ 2.79% BYMA 291.50 ▼ 0.34% TELECOM ARG 4,358 ▼ 0.63% ECOPETROL 16.31 ▼ 1.78% BANCOLOMBIA 90.01 ▼ 1.21% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 392.12 ▼ 0.93% SOUTHERN COPPER 195.16 ▲ 4.98% BUENAVENTURA 32.26 ▲ 5.87% MERCADOLIBRE 1,889 ▼ 0.54% NUBANK 14.33 ▼ 0.76% XP 16.97 ▼ 0.35% PAGSEGURO 9.50 ▼ 1.04% STONE 11.23 ▼ 1.06% GLOBANT 38.13 ▲ 2.67% TECNOGLASS 46.25 ▼ 1.10% GAP AIRPORT 220.70 ▲ 1.17% ASUR 276.31 ▼ 0.82% OMA AIRPORT 111.00 ▲ 4.00% AMX ADR 24.88 ▼ 0.32% FEMSA ADR 126.28 — 0.00% CEMEX ADR 11.61 ▼ 1.94% PETROBRAS ADR 18.72 ▼ 1.78% VALE ADR 14.83 ▲ 1.71% ITAU ADR 8.19 ▼ 3.53% SANTANDER BR 5.69 ▼ 0.96% AMBEV ADR 3.04 ▼ 0.33% CSN 0.94 ▲ 0.56% GERDAU 5.10 ▲ 0.79% LATAM ADR 55.69 ▲ 2.16% BTC 64,196 ▲ 1.16% ETH 1,872 ▲ 0.74% SOL 74.04 ▲ 0.77% XRP 1.08 ▲ 0.17% BNB 593.21 ▲ 0.75% ADA 0.19 ▲ 0.33% DOGE 0.07 ▲ 0.12% AVAX 6.70 ▲ 2.05% LINK 8.19 ▲ 0.20% DOT 0.84 ▲ 2.39% LTC 44.80 ▲ 1.25% BCH 213.71 ▲ 0.28% TRX 0.33 ▼ 0.37% XLM 0.17 ▼ 0.89% HBAR 0.07 ▼ 1.03% NEAR 1.73 ▼ 0.32% ATOM 1.37 ▲ 0.61% AAVE 90.33 ▼ 2.11% SELIC 14.25% EMBRAER 90.51 ▲ 1.02% EMBRAER ADR 70.52 ▼ 0.59% JBS 13.61 ▼ 1.09% JBS BDR 70.07 ▲ 0.72% MBRF3 16.93 ▼ 4.35% MBRFY 3.27 ▼ 2.97% INTER 5.70 ▲ 1.24%
since 2009
Tuesday, August 4, 2026

Latin America BRICS Expansion News

BRICS Expansion: 30+ Nations Await September Summit Vote

By · August 4, 2026 · 5 min read

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Geopolitics: New Delhi

Key Facts

Summit set. The 18th BRICS Summit takes place September 12-13, 2026 in New Delhi, under India’s presidency, with expansion decisions expected.

Second batch. South Africa’s finance minister Enoch Godongwana has confirmed “a second batch of countries” will be added to the eleven-member bloc.

Payment rails. Foreign ministers piloted a cross-border payment framework linking national networks in May, with India’s UPI as the reference implementation.

LatAm stakes. Colombia just joined the New Development Bank, Venezuela seeks full membership, and founding member Brazil favors strict admission criteria.

Waiting list. More than 30 countries have formally applied or expressed interest, with Nigeria seen as the leading African candidate and Turkey lobbying Beijing.

BRICS expansion returns to the agenda at September’s New Delhi summit, and Latin America’s ties to the bloc are deepening through Colombia’s bank entry and Venezuela’s membership bid.

BRICS expansion summit leaders at a BRICS summit session
India, holder of the 2026 BRICS presidency, hosts the expansion-deciding summit in New Delhi. (Photo: Wikimedia Commons)
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India’s Calibrated Presidency

India assumed the BRICS presidency on January 1, 2026, its fourth time leading the bloc, under the theme “Building for Resilience, Innovation, Cooperation, and Sustainability.” Its approach to enlargement is deliberately cautious, prioritizing cohesion inside the current eleven members.

That caution sets up the September 12-13 summit in New Delhi as the decision point. Officials describe India’s stance as calibrated: open to a second wave of admissions, but only through a structured process that protects decision-making speed.

Russia’s deputy foreign minister Sergey Ryabkov confirmed in February that expansion is on the 2026 agenda, while declining to set deadlines. South Africa’s Godongwana was blunter: “There is a second batch of countries that are going to be added to BRICS.”

Who Is in Line

More than 30 countries have formally applied or consistently expressed interest, on top of the 13 states already holding partner-country status. The formal queue includes Algeria, Azerbaijan, Bahrain, Bangladesh, Pakistan, Serbia, Sri Lanka, Syria, Turkey, Venezuela and Zimbabwe.

Nigeria has emerged as the frontrunner for African representation, with New Delhi calling Lagos a “strategic partner” ahead of the May ministerial. Turkey, a NATO member, is actively seeking China’s backing for its full-membership application.

Not everyone agrees on pace. China and Russia advocate faster expansion to counter Western financial weight, while Brazil and India favor strict evaluation to keep the bloc governable. That internal argument shapes who gets in, and when.

New Development Bank president meeting India's prime minister in New Delhi
The New Development Bank, which Colombia joined in 2026, has funded 139 projects since 2016. (Photo: Wikimedia Commons)

From Rhetoric to Infrastructure

The May 14-15 foreign ministers’ meeting at Bharat Mandapam, the first major ministerial under India’s chairship, produced the bloc’s most concrete financial step in years: a pilot cross-border payment framework linking members’ national payment networks.

India offered its UPI platform as the reference implementation. The system supports settlement in local currencies while sidestepping a common BRICS currency, a proposal India has consistently resisted as divisive.

The numbers behind the push are large. BRICS nations now account for roughly 40% of global GDP at purchasing power parity and close to half the world’s population, giving local-currency rails a meaningful base to grow from.

Latin America’s Growing Stake

For this region, the bloc is no longer a distant club. Colombia joined the New Development Bank this year as one of its two newest members alongside Uzbekistan, gaining access to a lender that has deployed over US$42.9 billion across 139 projects since 2016.

Venezuela is in the formal membership queue, backed by Caracas’ allies but facing the bloc’s internal criteria debate. Argentina went the other way, rejecting the 2024 invitation outright under President Milei.

Brazil, a founding member, sits at the center of the expansion argument, aligning with India for a slower, criteria-based process. In April, the NDB added a AAA rating from China Chengxin International to its existing top-tier Japanese rating, strengthening the bank Colombia just joined.

What to Watch in September

Three signals will show how far expansion goes. The first is the admission criteria India wants formalized. The second is whether Nigeria, Turkey or any Latin American bid advances from the queue. The third is the payment framework’s next phase after the May pilot.

Vladimir Putin has confirmed attendance. Saudi Arabia, still formally unconfirmed as a full member, attended the May ministerial as an observer, a reminder that the bloc’s growth is as much about status questions as numbers.

Whatever the outcome, the summit will not short-circuit the two-tier design: partner countries keep a pathway to participate while members test what new admissions add. September decides who moves up that ladder.

Background: BRICS Just Got Bigger — Who’s In, Who’s Still Out, and Why It Matters.

Frequently Asked Questions

When is the next BRICS expansion summit?

The 18th BRICS Summit takes place September 12-13, 2026 in New Delhi, hosted by India as the 2026 president. Decisions on a second batch of new members are expected there.

Which countries want to join BRICS in 2026?

More than 30 have applied or expressed interest. The formal queue includes Venezuela, Turkey, Nigeria, Algeria, Azerbaijan, Bahrain, Bangladesh, Pakistan, Serbia, Sri Lanka, Syria and Zimbabwe, with Nigeria seen as a frontrunner.

How is Latin America involved in BRICS expansion?

Brazil is a founding member favoring strict criteria, Colombia joined the New Development Bank in 2026, Venezuela is in the membership queue, and Argentina rejected the 2024 invitation.

Sources

Watcher.Guru · Ryabkov statement · Deccan Chronicle via BRICS Info

Connected Coverage

The bloc’s bank is already financing infrastructure from Africa to Latin America.

AU Water Infrastructure Push Taps BRICS Bank Funding

Sources: Watcher.Guru (expansion tracker; Godongwana quote); Russian Deputy FM Sergey Ryabkov (Feb 2026); Deccan Chronicle (via BRICS Info); New Development Bank disclosures.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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