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We need to adjust our economic structure, achieve development of better quality, build closer economic partnership, boost the building of an open world economy and establish a global development partnership
Thursday, April 18, 2024
A BRICS Alternative to the SWIFT Payment System Could Accelerate De-Dollarization
With Russia taking the lead, the BRICS bloc is talking about creating a new payment system that isn’t controlled by the United States and that is not dependent on the dollar
In an era of growing interconnectedness amongst regional and global blocs, economic corridors are gaining momentum as one of the main drivers of such connectivity initiatives
The realisation of grand projects always implies imagination and persistence in overcoming all sorts of barriers and all kinds of resistance. Let us hope that the BRICS will confirm expectations entertained by the Global South and rise to the challenge of providing constructive alternatives for all, writes Brazilian economist Paulo Nogueira Batista
The presentation of the X BRICS Youth Summit, which will be held in Ulyanovsk from 22 to 26 July, took place at the Russia exhibition at VDNKh
“With each new day in Africa, a gazelle wakes up knowing he must outrun the fastest lion or perish. At the same time, a lion stirs and stretches, knowing he must outrun the fastest gazelle or starve. It is no different for the human race. Whether you consider yourself a gazelle or a lion, you simply have to run faster than others to survive.” ― Mohammed bin Rashid Al Maktoum, Monarch of Dubai and Prime Minister of United Arab Emirate
Emerging economies feel that high servicing costs become self-fulfilling prophecies
Something is wrong with the dollar. The US currency has been in a downward phase for months, depreciating against other world currencies. There are those who foresee a change of cycle, although other analysts are more cautious and continue to vindicate the dollar's reign