Time to Embrace New Economic Reality — Global South Demands IMF Reform, Russian Finance Minister Says
16:45 07.07.2025 (Updated: 17:04 07.07.2025)
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Time to Embrace New Economic Reality — Global South Demands IMF Reform, Russian Finance Minister Says
The push for IMF quota reform reflects a shifting global order — where BRICS and developing nations are rising economic forces, already accounting for almost 60% of the world economy, Anton Siluanov told Sputnik.
While Western powers no longer dominate the world economy, they continue to block meaningful changes in voting rights and representation "under various sauces," the minister pointed out.
"We see injustice in this, a failure to reflect the real picture that is emerging today," he noted.
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