BRICS+ Series: How the BRICS Reserve Arrangement is Challenging Western Financial Dominance
By Dr Iqbal Survé | Published 8h ago
As BRICS expands with new members in 2025, its Contingent Reserve Arrangement is evolving from a simple financial safety net into a powerful instrument of economic sovereignty. This analysis examines how the CRA is challenging IMF dominance, supporting Global South economies, and reshaping international finance without Western-imposed austerity measures.