BRICS: Union of Reformers and National Interests
... the dominance of the United States and its allies in the International Monetary Fund (IMF) over the global financial system (the political version): The idea of challenging the hegemony of the United States was originally attributed to Russia. Moscow became the catalyst for the formation of the BRIC community towards the end of the 2000s. But now it is China that is leading the way. Beijing’s efforts to reform the IMF are complimented... ... development of the BRICS group at the global and national levels. 1) Reform of the UN Security Council (the global level) : The general financial structures of the BRICS...