New Development Bank (NDB)

Trump Threatens To Punish De-Dollarization

September 14, 2024 Ben Norton, Geopolitical Economy. Resistance Report Brazil, BRICS, China, De-dollarization, Dilma Rousseff, dollar, Donald Trump, Iran, Lula da Silva, New Development Bank (NDB), Russia, Tariffs

Countries across the planet are seeking alternatives to the US-dominated financial system. However, former President Donald Trump has pledged that, if he returns to the White House, he will punish nations that de-dollarize. “We will keep the US dollar as the world’s reserve currency”, Trump promised at a campaign rally in Mosinee, Wisconsin on September 7, 2024. “It is currently under major siege. Many countries are leaving the dollar”, the Republican presidential candidate lamented. “They’re not going to leave the dollar with me”, Trump insisted. “I’ll say, ‘You leave the dollar, you’re not doing business with the United States, because we’re going to put 100% tariff on your goods'”.

BRICS Calls For Economic Decision Making In The Interest Of The Majority

August 24, 2023 Abdul Rahman, People's Dispatch. Educate! Africa, BRICS, China, De-dollarization, Global South, IMF, New Development Bank (NDB), Sanctions, Structural Adjustment, World Bank

The first day of the BRICS summit in Johannesburg saw calls for a more democratic global economic order with greater participation of countries from the Global South. South African President Cyril Ramaphosa set the tone by underlining that BRICS stands for inclusiveness and transparency in its development agenda and must continue to do so. Speaking on the second day, Indian Prime Minister Narendra Modi also said that India fully supports the expansion of the bloc, adding that it welcomed “moving forward with consensus on this.” India also reiterated its proposal for the African Union’s membership in the G20.

Second Russia-Africa Summit Ends With Commitments Towards Cooperation

August 1, 2023 Tanupriya Singh, People's Dispatch. Organize! Africa, African Union, BRICS, De-dollarization, New Development Bank (NDB), Russia, Russia-Africa Summit, Ukraine, Vladimir Putin

The second Russia-Africa Summit For Peace, Security, and Development concluded in the Russian city of St. Petersburg on July 28. The two-day meet was attended by official delegations from 49 African countries and included 17 heads of state. The summit yielded various agreements and a joint declaration for cooperation on issues including security, trade, energy, and climate change. “All our states confirmed their commitment to the formation of a fair and democratic multipolar world order based on the universally recognized principles of international law and the UN Charter,” Russian President Vladimir Putin said in a press statement after the conclusion of the summit.

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