The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Monday, February 26, 2024
Enhancing Global Economic Progress with the Brics Alliance
Larionova and Shelepov’s research, titled “Brics, G20, and global economic governance reform” and published in the International Political Science Review (2021), highlights the influential role of the Brics association, which includes Brazil, Russia, India, China, and South Africa, in reforming global economic governance
The international financial and development institutions should be reformed to reflect the interests of the Global South, Secretary-General Antonio Guterres has said.While the BRICS can play an important and complementary role for developing nations, he stressed that it should not contribute to a fragmentation of the world economy
The political West is determined to turn the SMO into a global confrontation by testing Moscow's patience. The deliveries of ever more advanced and longer-range weapons to the Neo-Nazi junta are a clear proof of this. The Kiev regime itself is becoming increasingly desperate, as demonstrated by the escalation of its terrorist attacks, as well as the readiness to jeopardize even Western leaders in order to push Europe into the conflict.