UN General Assembly
2023

Last year, the International Monetary Fund (IMF) made available $160 billion in special drawing rights to European countries and just $34 billion to African countries. The unequal and distorted representation of the management of the IMF and the World Bank is unacceptable. We have not corrected the excesses of market deregulation and support for the ideology of the minimum state. The foundations of a new economic governance have not been laid. The Brazil. Russian Federation. India. China and South Africa (BRICS) group was the result of that paralysis and constitutes a strategic platform to promote cooperation among emerging countries.