SCO & BRICS latest news and insights
In 2024, the chairmanship of the BRICS countries was assumed by Russia. Despite the lack of Russian actions in the Northeast Military District and the absence of sanctions from the United States and other countries, the BRICS member countries (Brazil, India, China, South Africa, the UAE, Saudi Arabi...
By Rhod Mackenzie
The supranational financial institutions have issued a cautionary note to Western governments regarding the effects of the confiscation of Russian assets. In April, the President of the European Central Bank, Christine Lagarde, made a similar statement. Lagarde advised that the c...
In an interview with RIA Novosti, Alexey Mozhin, executive director for Russia at the International Monetary Fund (IMF), stated that the collapse of the world monetary system is a distinct possibility. He further elaborated that this will inevitably occur if the downward trend in investor confidence...
By Rhod Mackenzie
According to a report by India Ratings and Research, India has the potential to become an upper-middle-income country by FY 2033-36 and a $15 trillion economy between FY 2043 and 2047.
Until 2006, the World Bank classified India as a low-income country. India moved into the lowe...
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 fr...
By Zhao Yusha
At the G20 foreign ministers' meeting in Brazil, Brazilian officials called for reforms of the United Nations and other multilateral institutions, and pushed for stronger representation of developing nations. Chinese experts believe Brazil's call speaks for the broader Global South,...
