The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Tag: Spring Meetings
Related Posts
All Hands-on Deck Needed for Development Finance—including China
By Tim Hirschel-Burns Many people in the development finance community migrated up the United States' eastern seaboard over the weekend. Last week, the International Monetary Fund (IMF) and World Bank Group Spring Meetings took place in Washington D.C., while this week ...
Should China Have a Larger Stake in the International Monetary Fund?
The World Bank and the International Monetary Fund's (IMF) annual Spring Meetings got underway in Washington, D.C., on Monday. These two institutions' stakeholders will spend the week grappling with issues ranging from debt to climate change and global governance. One issue ...
Understanding China’s Role in the Developing World Debt Crisis (Part 2)
The widely debunked Chinese debt trap narrative re-surfaced again in Washington, D.C. when the top U.S. military commander for Africa General Michael Langley testified before Congress -- highlighting the urgent need for better information about Chinese lending practices in developing countries. ...
Update on China’s Role in the Burgeoning Global South Debt Crisis
There was a lot of excitement earlier this month at the IMF and World Bank's annual gathering in Washington, D.C. about rumors that the impasse between China and multilateral development banks (MDBs) had been resolved. That stalemate between the Chinese and ...
China’s Central Bank Chief Signals Beijing Will Cooperate With Other International Creditors on Debt Relief
The head of China's central bank, Yi Gang, provided the clearest indication to date Beijing is willing to retreat from its demand that multilateral development banks (MDBs) also take write-downs on their loans to the world's poorest countries. Yi told participants at ...
Analysis from Cobus van Staden
Debt Standoff At IMF, World Bank Spring Meetings
Finance ministers from around the world have descended on Washington DC for the World Bank and International Monetary Fund’s Spring Meetings. The Chinese government has confirmed that a top-level Chinese delegation will attend in person -- the first time since the COVID pandemic.