WILLIAM GUMEDE | Petrodollar countries will boost Brics’ New Development Bank
The NDB wants to increase fundraising in member currencies, to reduce its reliance on the US dollar
28 August 2023 - 20:50
The Brics New Development Bank, a new institution of the trade alliance, will have to re-examine its role, model and activities after struggling to expand as rapidly as envisioned, battling to secure more diversified funding and failing to effectively challenge Western-dominated multilateral development finance institutions as hoped...
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