Summary:
- Under his new conservative administration, there will be a clear priority shift in Brazil’s domestic and foreign policies. These changes are not expected to cause a schism within the BRICS.
- Nevertheless, understanding Brazil’s domestic socio-economic and political environment will shed light on the policy priorities Brasilia will bring to the BRICS chair in 2019.
- Three areas in the upcoming BRICS calendar that could ensure that complementarities between the BRICS are fully leveraged include enhancing intra-BRICS economic cooperation, consolidating positions on global governance reform and challenges and aligning the New Development Bank’s (NDB) efforts with national development agendas.
