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BRICS

The BRICS’ ‘Tectonic Change’: A Momentous 72 Hours

The BRICS summit in Johannesburg, South Africa, Aug. 22-24, moves center stage in the world, and in history. Some 22 nations have applied to join the original five, Brazil, Russia, India, China and South Africa. The issue is reformulating the…

BRICS countries prepare a meeting in South Africa to strengthen dialogue, consultation, solidarity, and cooperation

Representatives of the BRICS countries held a meeting last week to prepare for their next meeting to be held in Johannesburg, South Africa, exchanging views on current challenges in strategic areas such as food and water security, energy security, counter-terrorism,…

By joining BRICS, will Bangladesh serve as a role model for other south Asian nations?

The world is going through an unstable economic situation. Where most countries are suffering from the price of energy to the dollar price traded in the international market. Bangladesh is also in this problem. Added to that is the pre-election…

Lula’s historic speech in Paris

On 23 June 2023, at the invitation of President Macron, an international summit for a “New Global Financial Pact” was held in Paris with the aim of obtaining more financial support for the poorest countries and the countries of the…

BRICS To Pass G7 in Economic Power, Says Bloomberg

The BRICS – Brazil, Russia, India, China, and South Africa – is expected to increase their share of the global economy to nearly 35% by 2028, Bloomberg reported on Monday. By Countercurrents Collective According to Bloomberg’s calculations based on the…

The Rise of the South: Can BRICS Weaken the Dominance of the IMF and World Bank?

Who would have expected that the BRICS nations could rise as the potential rival of the G7 countries, the World Bank and the IMF combined? But that once seemingly distant possibility now has real prospects which could change the political…

The World Bank and the BRICS Bank Have New Leaders and Different Outlooks

In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for this job…

BRICS would create “fundamentally new” common currency, says a senior Russian official

” Neither the euro nor the dollar is backed by anything, and our countries can do what the Bretton Woods system destroyed,” the deputy speaker of the Russian State Duma said. The BRICS group of Brazil, Russia, India, China and…

China’s Path to Socialist Modernization

The Communist Party of China (CPC) held its 20th National Congress from October 16 to October 22, 2022. Every five years, the delegates of the CPC’s 96 million members meet to elect its top leaders and to set the future…

The West Is Experiencing a Contraction of Its Power, Not Necessarily Its Decline

What Westerners call the West or Western civilization is a geopolitical space that emerged in the 16th century and expanded continuously until the 20th century. On the eve of World War I, about 90 percent of the globe was Western…

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