BRICS and food security

... managing director of the International Monetary Fund has already pressed the BRICS New Development Bank to start generating loans in a tight money global economy ahead of its schedule. But there are no indications that the BRICS bank, still not fully funded and masking the lingering controversy over being headquartered in China, will open its loan window prior to the middle of next year. The BRICS food security initiative, meanwhile, is providing job creation for “Sherpa-style” experts and bureaucrats who should be more agile than their American and European counterparts. But it could be decades, if at all, before the organization becomes ...