This year’s G20 (Group of Twenty) Summit – an annual forum where the world’s twenty largest economies discuss international economic cooperation – took place in Brisbane Australia. Several commitments on boosting global growth, reducing inequalities, attaining inclusive growth, creating jobs and even establishing a Global Infrastructure Hub were made. What particularly caught my attention in the communiqué … More The IMF: Change in the Air?
Recently, the leaders of the BRICS countries – Brazil, Russia, India, China and South Africa – made a bold step in setting up an international development bank. They have agreed to raise $100 billion to that effect, with plans for the headquarters of the financial institution to be based in Shanghai, China. This decision came … More The BRICS Bank: an ‘Alternative’ to the Bretton-Woods Institutions?