What BRICS Cannot and What It Can Deliver

... plausible alternative to IBRD) and the BRICS Contingent Reserve Arrangement, or CRA (a potential alternative to IMF). Though both NDB and CRA remain relatively young and modest initiatives, over time they might well turn into cornerstones of the new global ... ... should note that given its diversity and inclusivity, BRICS can offer a unique platform, at which various non-Western views on global governance and on an extended reproduction of global commons can be articulated and, hopefully, reconciled. The broad range ...