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The World must unite as one to decisively confront global challenges. Corrective action must begin with the reform of institutions of global governance. This has been on the BRICS agenda since its inception
Monday, May 6, 2024
Challenging Dollar’s Dominance
BRICS group of emerging economies strive to shift some of oil trade to other currencies
Given the enormous opportunities in the medical device industry for multifaceted bilateral engagements, experts from India and Russia have vouched for faster efforts to give a boost to collaborations to make the most of emerging opportunities in the areas of manufacturing and marketing lifesaving medical equipment and devices
The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, has issued a call for Middle Eastern nations to cease using the US dollar for oil payments and instead utilize local currencies
In recent years, the rightful rejection of the policies promoted by the traditional imperialist powers (North America, Western Europe and Japan), followed by the announcements made by the BRICS (Brazil, Russia, India, China and South Africa), have aroused great interest and expectations of major changes, including the creation of a common currency to challenge the US dollar as the dominant currency
Algeria is close to joining the New Development Bank, known as the “BRICS Bank”, as the process will be completed according to the agreed-upon timetable, and this bank can contribute to financing development, and strategic and structural projects for the Algerian economy
In the global geopolitical landscape, BRICS and G8 stand out as influential entities, born with different foundations, objectives and internal dynamics. Understanding these differences and potential future trajectories requires a deep dive into their peculiarities, their strengths and the challenges they face
In an international world order whose multipolarity has been systematically undermined by the rise of Western-led unilateralism, developing states have been held hostage by their wealthier counterparts