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BRICS To Leave IMF And WTO And Choose NDB at BRICS Summit 2024!
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BRICS To Leave IMF And WTO And Choose NDB at BRICS Summit 2024!
In this video, we delve into the significant developments announced at the BRICS Summit 2024 in Kazan. The BRICS nations—Brazil, Russia, India, China, and South Africa—are making a historic move by considering leaving the International Monetary Fund (IMF) and the World Trade Organization (WTO) to align more closely with the New Development Bank (NDB). This shift reflects their growing dissatisfaction with the traditional Western-dominated financial institutions and their desire for a more equitable global economic system.
We explore the concept of de-dollarization, a key agenda at this summit, where BRICS countries aim to reduce their reliance on the US dollar De Dollarization in international trade. This move is seen as a step towards enhancing economic sovereignty and promoting a more balanced global economy. Additionally, we discuss the expansion of BRICS, as new countries express interest in joining this influential group, signaling its rising global importance.
#brics #dedollarization #russia
In this video, we delve into the significant developments announced at the BRICS Summit 2024 in Kazan. The BRICS nations—Brazil, Russia, India, China, and South Africa—are making a historic move by considering leaving the International Monetary Fund (IMF) and the World Trade Organization (WTO) to align more closely with the New Development Bank (NDB). This shift reflects their growing dissatisfaction with the traditional Western-dominated financial institutions and their desire for a more equitable global economic system.
We explore the concept of de-dollarization, a key agenda at this summit, where BRICS countries aim to reduce their reliance on the US dollar De Dollarization in international trade. This move is seen as a step towards enhancing economic sovereignty and promoting a more balanced global economy. Additionally, we discuss the expansion of BRICS, as new countries express interest in joining this influential group, signaling its rising global importance.
#brics #dedollarization #russia
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