BRICS: Union of Reformers and National Interests

... accompanied by a more complicated monetary and financial architecture by reducing the weight of the U.S. dollar in international finance. The global economy will become more balanced if it starts to rely upon a number of power centres. Government of South ... ... the background of increasing instability. The emergence of major financial institutions such as the New Development Bank (the BRICS Bank) must certainly affect the activities of the IMF. Under the control of the BRICS countries, the bank carries out the ...