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BRICS Decline: Diverging Agendas Deter Global Challenge

2/22/2026

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Summary

Story summary

Economist Jim O’Neill says BRICS is losing relevance.
He notes BRICS members once aimed to challenge the U.S. dollar and Western institutions like the IMF and the G7.
Divergent political agendas among BRICS members and other rising global forces are complicating that goal.
O’Neill also suggests that U.S. economic policies may contribute to BRICS’ decline while China and India continue to rise economically.

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Story summary

Economist Jim O’Neill says BRICS is losing relevance.
He notes BRICS members once aimed to challenge the U.S. dollar and Western institutions like the IMF and the G7.
Divergent political agendas among BRICS members and other rising global forces are complicating that goal.
O’Neill also suggests that U.S. economic policies may contribute to BRICS’ decline while China and India continue to rise economically.