BRICS Leave IMF and WTO: What are the alternatives?
At the upcoming BRICS summit in Kazan, one of the key topics on the agenda is the reform of international financial institutions, specifically the International Monetary Fund (IMF) and the World Trade Organization (WTO). Russian Foreign Minister Sergey Lavrov has emphasized the importance of addressing these issues to enhance the global economic governance system and make it more inclusive and representative of emerging economies.
The BRICS nations, which include Brazil, Russia, India, China, and South Africa, are pushing for reforms that will better reflect the economic realities of the 21st century. They argue that the current structures of the IMF and WTO disproportionately favor developed countries and do not adequately represent the interests of the Global South. This includes calls for revising the IMF’s quota system to give more weight to developing nations and for restoring the full functionality of the WTO’s dispute settlement mechanism.
In this video, we explore the reasons behind the dissatisfaction with the IMF and WTO by examining cases where their policies have caused significant issues for borrowing countries. We also discuss the solutions proposed by the Global South to address these challenges.
1 view
251
67
1 month ago 00:45:42 1
“Money Is Deranging Politics“ Elon’s Musk, North Korea, BRICS, Tim Pool, AI, Claude | Tom’s Trending
2 months ago 00:02:43 1
Xi speaks on Ukraine, Gaza and Middle East, global governance and fiscal co-op at BRICS in Russia
2 months ago 00:01:08 1
Financial reforms, China-Russia relations in focus as 16th BRICS Summit opens
2 months ago 00:17:25 1
Putin: We are ready to continue this fight!
2 months ago 00:37:35 1
Putin hurts West’s Head, The Banks. Xi, Modi, Erdogan meet Putin. Never trust CBS. Rus’ economy boom
2 months ago 00:07:05 1
Russia and Iran FORMALLY Join Forces Against Israel?
2 months ago 00:35:49 1
China SHUT DOWN All U.S. Agriculture FARMS... & U.S. Is SCRAMBLING!
2 months ago 00:01:09 1
’More Jews than ever are leaving Israel’
2 months ago 00:26:02 1
2 MINS AGO: BRICS Trading System Just WIPED OUT All U.S. Farmers… Global Prices in CHAOS!
3 months ago 00:30:16 1
Turkey Just Left NATO After They Support Israel Instead Of Lebanon & Palestine!
3 months ago 00:11:46 1
🚨 From FARMS to FINANCE: BRICS Crushes U.S. Economic CONTROL
3 months ago 00:41:05 6
3 MINS AGO: Turkey’s BIG Decision Shocked the NATO: What the Hell is Going On?
3 months ago 00:14:01 1
As Russia Freezes Major EU Bank Assets, U.S. Threatens Countries Trying To De-Dollarize
3 months ago 00:09:40 1
BRICS to Leave IMF and WTO: Who benefit?
4 months ago 00:47:16 1
60-day gold revaluation trigger - LFTV Ep 187
4 months ago 00:07:40 1
Italy LEAVING EU for BRICS? What Happens Now?
4 months ago 01:21:46 1
Collective West vs Russia. Nuclear Threat. Middle East Crisis. BRICS. Q&A - Community Chat
4 months ago 00:09:53 1
BRICS Just Announced They Are Leaving The UN! | HUGE News!
4 months ago 01:46:04 1
Pepe Escobar; Seeing through the Chaos. A Shifting Global Geopolitical Spectrum. Live in Koh Samui
4 months ago 00:14:30 1
BRICS To Leave UN: What’s going on?
4 months ago 00:11:56 1
Forget the Rumors: BRICS’ Real Plan for WTO Exposed!
4 months ago 00:10:51 1
Is North Korea Planning To Join BRICS & End West’s Monopoly?
5 months ago 00:13:37 1
BRICS Leave IMF and WTO: What are the alternatives?
5 months ago 00:19:22 1
Sergey Lavrov Calls for Multilateral Cooperation Over US “Rules Based Order“ - English Subtitles