South Africa

The BRICS as a rehearsal for the new Bretton Woods
Africa, South Africa, Americas, Asia, Brazil, BRICS, China, Europe, India, International Organizations, Russia

The BRICS as a rehearsal for the new Bretton Woods

Photo: Press Release / The Economist 2015 is a potentially important year for the Brazilian international positioning, was when the New Development Bank was created (https://www.ndb.int/) by the formed BRICS countries (Brazil, Russia, India, China and South Africa). The Bank came as an alternative to the already consolidated World Bank (https://www.worldbank.org/en/who-we-are/ibrd) and Inter-American Development Bank (https://www.iadb.org/pt/sobre-o-bid/visao-geral). Although the former is also under strong European influence, both are in a United States control sphere. Broadly speaking, the Bank of the BRICS focuses on supporting the development of structural works, especially linked to infrastructure. On the other hand, it also has an important political function..