international financial system.

international financial system.

Blog Article

One of the key issues to be explored at the summit is the reform of the international financial system. The Western countries, led by the United States, have long dominated the international financial order, while the BRICS countries hope to enhance their position in the global financial governance system through reform. In addition, the summit will discuss how to further develop interbank cooperation, especially in the face of rising global trade protectionism, it is of great significance to strengthen currency swap and clearing among BRICS countries. From a broader perspective, BRICS cooperation is not only a mutually beneficial situation in economy, but also a political strategic choice. At a time of profound changes in the global governance system, the BRICS countries are better able to safeguard their own interests while contributing to world peace and development. To sum up, the BRICS Summit is not only an important gathering among its member states, but also an important milestone in global multilateralism and equitable development. In the face of the complex international situation, BRICS countries need to continue to deepen cooperation, jointly meet challenges and strive to build a more just and equitable international order.