BRICS
In this column, Demba Moussa Dembele, director of the African Forum on Alternatives in Dakar, analyses the geopolitical reasons behind the recent summit in Washington between African leaders and the U.S. President and concludes that Africa has become the “new frontier” of global capitalism.
While this week’s BRICS summit might have been off the radar of Western powers, the leaders of its five member countries launched a financial system to rival Bretton Woods institutions and held an unprecedented meeting with the governments of South America. The New Development Bank (NDB) and the Contingent Reserve Arrangement signal the will of […]
IPS Daily Report
