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Reform IMF, WB to Reflect Interests of Global South, BRICS Has Role: Guterres

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...

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Brazil’s call to reform multilateral institutions speaks for broader Global South

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,...

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What is hidden behind the IMF's faith in the growth of the Russian economy?

By Rhod Mackenzie

The International Monetary Fund has revised its growth forecast for the Russian economy in 2024, more than doubling its previous estimate from 1.1% to 2.6%. This marks a significant increase in optimism compared to last year's forecast. The IMF forecast shows that the Russian eco...

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The IMF forecast China's GDP growth to be 5.4 percent in 2023

By Rhod Mackenzie

The Chinese economy is projected to grow by 5.4% in 2023 due to a robust recovery from the pandemic, but is expected to slow down to 4.6% in 2024 due to issues in the real estate sector and weakening external demand, as per a report by the International Monetary Fund (IMF). The r...

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