BRICS Fights For New World Order, Ex-World Bank Executive Says

According to the latest reports, there is a former World Bank senior vice president who said that a BRICS-led global order is becoming increasingly attractive for more countries that have grievances against the US and allies.

In a new article on Project Syndicate, Ana Palacio says that developing nations that feel left out are looking for an alternative worldview and institutional system.

According to the former World Bank executive, the nations are currently unhappy as they believe the West-dominated international order is designed to limit their economic growth and keep them from accessing technology that can improve standard of living.

“Developing economies are angry about the burdensome conditionality that has been imposed on them by Western-dominated institutions. They are sick of what they perceive as double standards on vital policy matters, such as the green transition.”

He continued and said the following:

“They are unwilling to tolerate efforts to ‘constrain’ their economies through conservation demands or limits on technology sharing.”

Palacio also stated this:

“With the West’s pledges to pursue reform having come to nothing, potential alternatives – from development banks to currencies – look increasingly attractive to those who feel left out. The BRICS are attempting to build a new world order, ‘bric by bric,’ and the appeal of their cause among other disgruntled countries is growing.”

The crypto trader who caught this year’s Bitcoin (BTC) rally and sold at $30,000 has recently talked about his plans to re-enter the markets.

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According to the trader, Bitcoin printed a huge bear trap on March 9th when it broke support at $21,000 only to reclaim it a couple of days later en route to rallying toward $30,000.