"...Sitting in his imposing presidential office in Cairo’s upscale Heliopolis district, Mr. Morsy expressed Egypt’s deep interest in joining the Brazil-Russia-India-China-South Africa (BRICS) combine and turning the grouping into E-BRICS. “I am hoping BRICS would one day become E-BRICS where E stands for Egypt. I hope E-BRICS would emerge when we start moving the economy.” He lauded the proposal for the establishment of a BRICS bank that would “support countries to achieve high growth rates and supplement the role of the IMF, World Bank and similar institutions.” ..."
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