Tag: BRICS Bank

BRICS & World Balance

The entire BRICS project is centred around the question of whether countries at the nether end of the neo-colonial system can break free through mutual trade and cooperation, writes Vijay Prashad.

Austerity & a New Cold War With China

Vijay Prashad says the expanding IMF-driven debt crisis, which has converted the idea of “financing for development” into “financing for debt servicing,” bears watching while China waives debt to 17 African nations. 

The Lying IMF

Alternative sources of financing are beginning to empower poorer nations in the Global South to pursue projects grounded in genuine development theory, writes Vijay Prashad.