IMF Sees Growth Shift Toward BRICS and Away From G-7 in New Outlook. Vladimir Putin gives a speech during the extended format meeting of the BRICS summit in Kazan on October 23, 2024. ...

Russia has officially called on its BRICS partners to establish a financial alternative to the International Monetary Fund ...

MOSCOW (Reuters) - Russia, which chairs the BRICS group this year, has called on its partners to create an alternative to the International Monetary Fund (IMF) to counter political pressure from ...

Ahead of the BRICS Summit to be held later this month, Russia which chairs the BRICS group has called on its partners to come up with an alternative to the International Monetary Fund(IMF). The ...

The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund’s managing director ...

According to the statement released by IMF yesterday, the completion of the fifth ECF review allows for the immediate ...

The 16th BRICS summit kicked off in Kazan, Russia, on Tuesday. ... The 2024 summit coincides with the annual meetings of the IMF and World Bank, ...

Brazil, Russia, India, and China began the BRICS project in 2006, seeking to reform international finance institutions like the IMF and World Bank. South Africa later joined in 2010.

President-elect Donald Trump on Nov. 30 threatened to slap a 100% tariff on a group of nine nations — the so-called BRICS — if they try to replace the U.S. dollar with another currency.

This is the first BRICS summit since Egypt, Ethiopia, Iran, and the UAE joined the bloc earlier this year. Click to read.

Source: IMF, WB, BIS, SWIFT, Refinitiv, ... BRICS is not the only factor in global de-dollarisation. We have already discussed that the upcoming US elections could also be a factor ...