Archives Financial sphere - New Eastern Outlook
From Leading to Leeching: How the Mighty US Empire is falling
US Sanctions against RT, which were announced on September 13th, continue a trend towards the collapse of the US dollar as global reserve currency, and demoting the country to ‘third world status’ as Donald Trump revealed on September 5th, 2024, during the New York Economic Forum.
To consolidate multipolarity, BRICS and the Global South have a shared interest in reconsidering their participation in the IMF and WTO
Strengthening multipolarity is essential for global balance. With this in mind, BRICS, as well as the nations of the Global South, would benefit from reconsidering their participation in the IMF and WTO. This approach aims to promote greater autonomy and economic development aligned with their specific interests. Combining critical analysis and foresight, this article highlights the benefits of being able to navigate complex international contexts and promote innovative strategies for a multipolar future.
Tracking Self-styled ‘Democrats’ from the G7 to their Countries
Barely a week after the Kenyan president left the G7 convention in which he pontificated concerning democracy and championed for IMF and the World Bank to avail fair finances for Africans, Mr. Ruto has returned to face widespread protests against his fiscal budget marked by over taxation. As protests intensified, The IMF and World Bank trended on the Twitter X space on 21st June 2024 as Kenyans condemned the colonial institutions, but the president seems interested in continuing dealing with such bodies.
