BRICS: A Threat to US, IMF, and World Bank Hegemony, Warns Cuban President
Cuban President Miguel Diaz-Canel has expressed his belief that the BRICS economic coalition could disrupt the current world order, which the United States largely dominates.
According to Diaz-Canel, BRICS offers an alternative path for countries facing pressure to conform to the United States’ hegemonic policies.
In an interview with RT, Diaz-Canel emphasized the appeal of BRICS to nations seeking economic integration, particularly developing economies and poorer nations often referred to as the “third world countries” or the Global South.
He explained that BRICS stands for multi-polar relations and opposes the Cold War ideology, advocating for a more just international economic world order based on equality.
Diaz-Canel stressed the importance of treating nations as genuine partners in economic and commercial relations, as such relationships contribute to peace and international security.
Diaz-Canel also revealed that BRICS members are considering reducing their dependence on the US dollar in international trade. This shift away from the dollar is seen as a measure to prevent potential sanctions the US and its allies impose.
Diaz-Canel highlighted that a de-dollarization process could pave the way for more inclusive and mutually beneficial relations among a group of countries, facilitating the integration of their economies.
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Furthermore, Diaz-Canel expressed his belief that the opportunities provided by BRICS could eventually lead to a new world order that is not controlled by the United States, the International Monetary Fund (IMF), or the World Bank.
He explained that embracing the BRICS approach could gradually foster a fairer, more cohesive, inclusive, and democratic international economic order.
Diaz-Canel concluded by stating that such an order would bring about peace, enhanced security, and increased opportunities in various areas, effectively ending the hegemony of the United States, the IMF, and the World Bank.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
