Laos Eyes BRICS Membership: Strategic Move Amid Global Financial Shifts

Laos makes a bold play for BRICS inclusion—joining the economic alliance could reshape its financial future and open doors to alternative currency systems.

Geopolitical Gambit

Laos signals serious intent to align with BRICS nations, a bloc increasingly challenging Western financial dominance. This isn’t just diplomacy—it’s a hedge against traditional monetary systems.

Digital Currency Implications

BRICS’s rumored plans for a common digital currency gain another potential participant. Laos’s move might accelerate de-dollarization trends—something crypto markets watch closely.

Regional Ripple Effects

Other Southeast Asian nations could follow suit, creating a domino effect. More members mean more momentum for BRICS’s economic—and possibly digital—ambitions.

Why It Matters

Another brick in the BRICS wall—or just another country chasing multilateral handouts while central bankers pretend they’re not nervous. Either way, the global financial chessboard just got more interesting.

Will BRICS Accept Laos Into the Alliance?

Laos is among the 45 other countries that have expressed their interest in joining the BRICS alliance. Among those, 23 countries have officially submitted their applications to be a part of the bloc. The other 22 nations have only expressed their intent to join but have not submitted their applications.

Whether BRICS will induct Laos into the alliance will be known by the year’s end. The bloc had inducted four new countries in October 2023 and were onboarded in January 2024. If there’s an expansion, it will most likely be completed by October this year. However, there are no official details on whether BRICS will expand this year.