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BRICS vs. Bretton Woods: Toward a Fairer Multipolar World?
BRICS vs. Bretton Woods: Toward a Fairer Multipolar World?
Sputnik Africa
BRICS vs. Bretton Woods: Toward a Fairer Multipolar World? 09.07.2025, Sputnik Africa
2025-07-09T15:21+0200
2025-07-09T15:21+0200
2025-07-09T15:54+0200
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BRICS vs. Bretton Woods: Toward a Fairer Multipolar World? The Bretton Woods institutions and dollar dominance make fair financial exchange impossible, former Nigerien Minister of Infrastructure Cherif Chako told Sputnik Africa.However, the final declaration of the BRICS Summit presents a "golden opportunity" to change the situation and "build a multipolar world in finance, trade, and development," according to the speaker.And what about Africa? Chako praised the idea of establishing the BRICS grain exchange, which could benefit both the association and the African continent:To strengthen partnership, BRICS and African countries should:AI-generated image
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BRICS vs. Bretton Woods: Toward a Fairer Multipolar World?
The Bretton Woods institutions and dollar dominance make fair financial exchange impossible, former Nigerien Minister of Infrastructure Cherif Chako told Sputnik Africa.
However, the final declaration of the BRICS Summit presents a "golden opportunity" to change the situation and "build a multipolar world in finance, trade, and development," according to the speaker.
Chako praised the idea of establishing the BRICS grain exchange, which could benefit both the association and the African continent:
"This initiative will strengthen cooperation aimed for the well-being of the people of the AES and other African countries," the ex-minister emphasized.
To strengthen partnership, BRICS and African countries should:
support the AES Confederal Bank for Investment and Development;
invest in low-cost transportation to accelerate trade;
boost local value chains.
