Development Finance at a Crossroads: BRICS Challenge to Western-led Economic Order

We're going to see two starkly contrasting visions of the current international economic order this week when leaders from nearly two dozen developing countries gather in Russia for a BRICS summit while the development finance elite meet in Washington for the IMF-World Bank's annual meeting.

China’s Global Development Initiative Meeting Signals Growing UN Influence

China’s Global Development Initiative (announced by President Xi Jinping in 2021) took a massive step towards global influence this week. It got the UN stamp of approval and is being integrated into its development plans like Agenda 2030. Chinese Foreign Minister Wang Yi co-hosted a ...