This note follows the one published in August 2023 with the aim of shedding light on the geostrategic positioning that could be that of Cameroon in the current context where a new world geopolitical order, marked by the acceleration of the bipolarization of the world around the two blocs, namely the G7 and the BRICS. Indeed, since January 1, 2024, five new countries, namely Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, have officially joined the BRICS. The new group is called BRICS+. It is an opportunity to revisit the relations between Cameroon, the G7 countries and those of the BRICS+ within the geoeconomy and global geopolitics. The acronym BRICS+ refers to the group of ten (10) countries composed of Brazil, the Russian Federation, India, the People’s Republic of China, the Republic of South Africa and the five new countries mentioned above. According to IMF forecasts, in 2024, the
BRICS+ will account for 45.8% of the world’s population, account for 28.1% of the world’s gross domestic product (GDP) and hold a weight of about 10.5% of global exports of goods and services. It is important to recall that the BRICS+
announced the creation of the New Development Bank (NDB) and an Emergency Reserve Fund (CRA) in 2014.
The BRICS+ governments have presented the NDB and the CRA as alternatives to the World Bank and the International Monetary Fund (IMF), respectively, two bodies traditionally controlled by the United States, Western Europe, and Japan. In addition, they challenge the hegemony of the US dollar. The G7 represents a grouping of seven global economic powers: Canada, France, Germany, Italy, Japan, Great Britain, and the United States of America. In 2024, the G7 has 10% of the world’s population, with a weight of 46% in the world’s gross domestic product (GDP) and concentrates about 32.1% of the world’s exports of goods and services.