As noted the IMF and World Bank no longer have a monopoly on state to state lending. Move Over IMF/ World Bank.
As noted the IOMed will soon perform mediation services for major players in international trade contract negotiation and enforcement. Move Over WTO.
In July 2006, Leaders of Brazil, Russia, India and China countries first met informally to discuss formation of an international organization firmly anchored in multilateralism. The First BRIC Summit followed in Yekaterinburg, Russia, in June 2009. South Africa was invited to join what then became BRICS in 2010.
They outlined three pillars of BRICS cooperation:
political and security cooperation, financial and economic cooperation and, cultural and people to people cooperation.
Reform of the UN lies at the centre of a shared BRICS vision. BRICS organizational style restructures global political, economic and financial relationships to, in their words, reflect the contemporary world in a manner more equitable, balanced and representative Infobrics.
BRICS+ now also includes Egypt, Ethiopia, Iran, Saudi Arabia and United Arab Emirates. Twenty five additional countries have indicated their interest. BRICS# Aspirants.
And so we see Plan A, efforts to reform the UN from within; Group of Friends in Defense of UN Charter and, Plan B, formation of a parallel structure , BRICS+, that purports to operate in a manner more consistent with the Charter of the United Nations.
We do live in interesting times.
Ponder; on a scale of 1 to 5 - are you glad to know the information in the post?
1 is glad to know, 5 is very glad to know. Posing this question to you is designed to link your consciousness to the value you place upon being informed. It is designed to force a pause for you to 1) sit with the moment of learning, 2) taste, touch, feel and value learning itself.