Interview: BRICS expansion boosts global economic balance, Global South development: Egyptian expert

CAIRO, Jan. 7 (Xinhua) -- The historic expansion of BRICS to include five new members helps create a more balanced global economy and push for further development of the Global South, an Egyptian economist has told Xinhua in a recent interview.

Diaa Helmy, a member of the Economic Committee of the Egyptian Council for Foreign Affairs, said that the BRICS expansion "opens new markets for economic cooperation and trade exchange between the countries of the group, which is in the interest of South-South cooperation among emerging markets and developing countries."