BRICS countries currently hold more than 60 trillion USD in financial assets. This figure is crucial as these nations account for almost 60% of global GDP and the focus on digital finance and cross-border payment initiatives signifies a shift in economic strategy for the Global South.
The New Development Bank, a key institution established to support both public and private projects, plays a pivotal role in facilitating investments within BRICS and the Global South. Enhanced infrastructure is essential for ensuring stable economic growth and attracting capital in the long term.
Leave a Reply