BRICS Expansion Faces Internal Rivalries and Governance Challenges

Source: Fortune | Original Published At: 2026-01-31 23:00:00 UTC

Key Points

• BRICS' expansion risks creating incoherence without common governance rules or enforcement mechanisms
• China-India tensions over territorial disputes and infrastructure projects threaten bloc cohesion
• Contingent Reserve Arrangement's IMF-linked conditions reduced its effectiveness compared to Western institutions
• New members like Indonesia may struggle to mediate long-standing strategic rivalries
• Member states' dual engagement with Western alliances complicates full commitment to BRICS