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BRETTON WOODS REFORM
BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffsBRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased loca...- India, Russia explore digital currency payments for trade in cross-border breakthroughIndia and Russia are exploring digital currency payments for bilateral trade, potentially opening a faster route for cross-border settlemen...
- BRICS finance ministers discuss possibility of efficient cross-border payment mechanismsBRICS finance ministers and central bank governors are exploring faster and cheaper cross-border payment systems, including greater use of ...
- BRICS flags unilateral tariffs, trade barriers as global risksBRICS finance ministers voiced serious concerns over unilateral trade measures. Higher tariffs and non-tariff barriers are distorting globa...
- UN chief Antonio Guterres to stress multipolarity, UNSC reforms at BRICS Summit in IndiaUnited Nations Secretary-General Antonio Guterres will attend the BRICS Summit in India this week. He will speak on the importance of multi...
- Curbs on FDI from border nations to stay: FM Nirmala SitharamanIndia will keep FDI restrictions from bordering nations for national security, emphasizing the need for investment safeguards. Finance Mini...
- 'It's very pleasing to see India sustain a rapid pace of growth', says John Lipsky US economistJohn Lipsky, senior fellow at Johns Hopkins University, emphasizes India's potential to sustain its rapid growth with continued reforms. He...
- IMF, World Bank should fix gaps in climate strategy: ReportA report by the Bretton Woods Committee's Multilateral Reform Working Group suggests that the World Bank and IMF should adopt a gap-based a...
- Multilateral development banks’ reforms incomplete without similar reforms at IMF: Niti Aayog’s Suman BerySince the Asian financial crisis (in 1997), India has run its macroeconomy essentially to make sure that the current account deficit is aro...
- It's time to reform the Security Council: UN Secretary-General GuterresGuterres, while speaking to reporters in Hiroshima at the G7 meeting, said the crushing economic impact of the COVID-19 pandemic, the clima...
- Will China's growing influence affect international order?How to handle China's growing clout was among the major questions that were discussed by a panel of experts at the 'Raisina Dialogue'
- BRICS bank's financial architecture is not yet an alternative to IMF and World BankAnd while this bank might not pose a threat to the World Bank and IMF just yet, it will put pressure on Western countries to start pushing ...
- Success of BRICS bank depends on how countries run their domestic economyThe BRICS New Development Bank is an attempt by five emerging markets to develop a countervailing pole, to stabilise each others' currencie...
- Will Chinese yuan replace US dollar as the global reserve currency?When the world economy heads into a crisis, the international currency system often breaks down because debtors can't meet their obligation...
- British PM to call for new global financial systemBritish Prime Minister Gordon Brown will push for a new global financial system that updates the 1944 Bretton Woods agreement in a speech d...
- IMF favours new Bretton Woods Pact for financial stabilityIMF has sought support of G-20 for a new Bretton Woods Agreements, a reformed global financial architecture, to deal with the current turmo...
- G20 summit will not lead to Bretton Woods II: IMF chiefWarning that the G20 summit next week is unlikely to produce radical change in the way the global economy is governed, the head of IMF said...
- G20 summit will not yield Bretton Woods II: IMFThe head of the International Monetary Fund (IMF) warned that expectations of a new Bretton Woods system ahead of the G20 summit later this...
- G20 emerging economies weigh rules vs free marketA meeting of G20 finance ministers and central bank chiefs in Brazil this weekend will give emerging economies a chance to discuss the need...
- Nuke reform will be incomplete without UNSC expansion: IndiaParticipating in the debate on Secretary General Ban Ki-moon's report on increasing coordination across the United Nations system, Indian A...
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