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Sunday August 24, 2014 05:32 by BrunoL - 1 of Anarkismo Editorial Group blimarocha at gmail dot com
(by: Bruno Lima Rocha. Translated by: Daniel Gutiérrez) The axis of BRICS makes, at most, an economic alternative and not a recreation of political possibilities that are transformative. After the conclusion of the economic bloc’s 6th meeting that took place in Fortaleza on 15 July 2014, a new turn in the bloc’s quality began to take place. As in previous sessions, all leaders were present. The proposal to create a shared development bank created a capacity that will now be executed. At the BRICS reunion, foundations were created — that are yet to be approved by the respective parliaments of each country — for a new development bank and a reserve fund, with the intention of being a compliment (and also an alternative) for both the World Bank and the International Monetary Fund (IMF). |
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