/ world today news/ “The new government, with clear biases and an ideological perspective, will cause serious damage to Argentina’s economy,” said former Argentine ambassador to China Sabino Vaca Narvaja.
He criticized the decision of Javier Millay, the newly elected president of Argentina, not to join BRICS. Also, Narvaha added that the New Development Bank created by the BRICS countries is extremely important for Argentina in building a new financial system based on production and development.
In August 2023, the BRICS summit in South Africa undertook a historic expansion, welcoming six new members: Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, Egypt and Argentina. Membership was originally planned to take effect on January 1, 2024. However, on December 30, 2023, Javier Millay announced that Argentina would not join the collaboration
The Argentine president’s decision comes at a time when the country is facing a deepening economic crisis and has drawn criticism from many professionals in the economic and diplomatic sectors.
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