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  • Institutionalizing BRICS: a treacherous path

    Institutionalizing BRICS: a treacherous path

    Against the backdrop of a sizeable expansion in BRICS membership, debates have intensified over the expediency of the bloc’s institutionalization to cope with the rising complexity in its operations. In particular, calls have been voiced on the desirability of a permanent secretariat and headquarters to be established so that BRICS becomes a full-fledged international organization…

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  • A revamped BRICS CRA to model IMF blueprint?

    A revamped BRICS CRA to model IMF blueprint?

    On February 7th Russia hosted an online meeting of Deputy heads of the Central Banks and Ministries of Finance of BRICS economies. One of the key themes on the agenda was the reform of the international financial system as well as the revamping of the BRICS Contingent Reserve Arrangement (BRICS CRA). The latter initiative may…

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  • Africa within the expanded BRICS

    Africa within the expanded BRICS

    As the BRICS expansion is set to further unfold in the course of this year, one of the important implications of this process is the rising role of Africa within the grouping. While in quantitative terms Africa’s share of BRICS membership has risen appreciably, its qualitative role in some of the key tracks of BRICS…

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  • BRICS+ after the 2023 “Expansion Summit”

    BRICS+ after the 2023 “Expansion Summit”

    After the 2023 BRICS “expansion summit” in South Africa one of the trends observed within the business circles of the bloc is that BRICS+ is starting to be perceived as a potential platform for international cooperation and for sectoral alliances among members and partners from the Global South. One of such tracks is the environmental…

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  • A “BRICS volte-face” from Saudi Arabia?

    A “BRICS volte-face” from Saudi Arabia?

    With barely two weeks into the new 2024 year, the much anticipated expansion of the BRICS core is encountering snags. After the decision of Argentina not to join BRICS after the presidential elections at the end of 2023, it was expected that the remaining five developing economies that were invited at the 2023 BRICS summit…

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  • Revisiting the case for a South African Sovereign Wealth Fund

    Revisiting the case for a South African Sovereign Wealth Fund

    There is one encouraging trend that seems to be taking on greater prominence in the world economy, namely the rising number of countries that are creating their very own sovereign wealth funds (SWFs). One of the recent cases is Ireland, an economy that has been successful in attracting MNCs and deriving the corresponding fiscal benefits.…

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  • BRICS+ through the prism of migration flows

    BRICS+ through the prism of migration flows

    The expansion of BRICS that entered into force in the beginning of 2024 raised multiple questions regarding the unifying theme behind the composition of the enlarged grouping. One of the more popular unifying themes discussed in the context of the 2024 BRICS expansion was the rise in the weight of the bloc in global oil…

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  • Happy New Year!

    Happy New Year!

    Dear colleagues, we would like to take this opportunity to thank our clients and our readers for all the support and constructive feedback provided to us during this very important starting period in our development! We wish you a very Happy New Year and may it be a peaceful and prosperous year 2024 for all of…

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  • Regionalism in 2024: new platforms to emerge

    Regionalism in 2024: new platforms to emerge

    Regionalism is a force in the global economy that is finally starting to receive its due recognition on the international arena. The highlight of this trend was the 2023 decision by the G20 to admit the African Union (AU) as a full-fledged member. The importance of regional factors in dealing with the ongoing economic challenges…

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  • Who will benefit from BRICS expansion?

    Who will benefit from BRICS expansion?

    Starting from January 1, 2024 the ranks of the BRICS grouping will be expanded to include 5 regional powers from the Global South. This is arguably the most important development in BRICS history in the past decade and something that is bound to exert a notable impact on the evolution of the global economy. While…

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