Earlier, Arce delivered a report to the parliament on Bolivia's economic development results over his three years in office, saying that the emerging economies, particularly those in the BRICS grouping, would maintain economic growth rates of at least 4% in 2023 and 2024.
"This [the economic growth] makes it clear that their economies are growing faster than those of the so-called advanced economies. These differences in economic projections are explained by the fact that the bloc of hegemons comprising the US and Europe is no longer the center of the world economy, giving way to the bloc of Asia-Pacific countries," he said.
In August, the Bolivian president told Sputnik that his country welcomed the accession of new countries to BRICS and hoped to join the bloc as soon as possible.
BRICS currently includes Brazil, Russia, India, China and South Africa. In August, the 15th top-level BRICS summit in Johannesburg extended invitations to Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia to join the bloc. Their full membership will start on January 1, 2024.