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Brics summit calls for new multilateral world
From left: Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping attend a photo prior to the Brics Summit plenary session in Kazan, Russia, October 23, 2024
NATIONS attending the Brics summit in the Russian city of Kazan called today for deepening development of a multilateral world.
The summit’s final declaration included a call for the reform of the Bretton Woods institutions, including the IMF and the World Bank established after World War II.
The 36 nations taking part in the summit insisted that any new arrangements should take into account increased representation of developing countries.
China’s huge growth and trade success have driven the expansion of the Brics alliance — now is a good time for the global South to rediscover 1955’s historic Bandung conference, and learn its lessons, writes ROGER McKENZIE
