BRICS can help boost global economy

The enlargement of BRICS can bring benefits to the global economy by leveraging the potential of developing countries and South-South cooperation, said government officials and industry experts on Thursday during a panel discussion at the World Economic Forum in Davos, Switzerland.

The discussion centered on the impact brought about by BRICS' historic expansion, which was announced in August.

Six countries, namely Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates and Argentina, were invited to join BRICS — an intergovernmental organization originally comprising Brazil, Russia, India, China and South Africa. Argentina withdrew from its planned entry in December.