BRICS No to World Bank: What Next?

The World Bank, a cornerstone of global financial governance, has long been a subject of criticism. As the institution faces growing scrutiny from the Global South and BRICS countries, several pressing questions arise: Why is there a persistent perception of Western dominance within the World Bank’s decision-making processes? How do the conditionalities attached to its loans impact the socio-economic landscapes of recipient countries? And why have alternatives like the New Development Bank emerged as significant players in global finance? This video delves into these critical issues, exploring the structural imbalances, the controversial policy impositions, and the rigidity that critics argue undermine the World Bank’s mission.