How The BRICS Bank Is Resisting U.S. Financial Domination

How The BRICS Bank Is Resisting U.S. Financial Domination

June 7, 2023

Geopolitical Economy Report

The BRICS bloc’s New Development Bank (NDB), an alternative to the United States dominated World Bank, is de-dollarizing its loans.

And promoting local currencies, and growing with new members from across the Global South.

The BRICS bloc of Brazil, Russia, India, China, and South Africa is expanding, and building a new economic architecture to challenge the dominance of the US dollar.

One of the most important institutions created by the BRICS is the New Development Bank (NDB). This is a Global South-oriented alternative to the World Bank, which is located in and essentially controlled by the United States.

Sources and more information here: https://geopoliticaleconomy.com/2023/06/06/brics-new-development-bank-dollar-adding-members/

Original: https://youtu.be/ltteCyO366o

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