Brazil’s Lula in favor of Argentina joining BRICS bloc


Source: reuters.com reuters.com

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SAO PAULO, Aug 22 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wanted Argentina to join the BRICS group of emerging countries, as Brazil's neighbor struggles with a lack of foreign reserves. "It is very important for Argentina to be in BRICS," Lula said in a live broadcast on social media as he attends the bloc's summit in South Africa. BRICS, which is not a formal multilateral organization, focuses on boosting economic and trade cooperation between member countries Brazil, Russia, India, China and South Africa. Argentina is struggling with historic inflation, dried-up foreign reserves and...