Ana Garcia, professor at UFRRJ and researcher at the BRICS Policy Center at PUC-Rio, wrote an article for The Conversation titled “BRICS establishes itself as a force for change in the international financial architecture and as a new geopolitical bloc.”
In the article, Ana Garcia, a researcher at the BRICS Policy Center at PUC-Rio, analyzes the strategic role of BRICS in the discussions around structural changes in the global financial architecture. She emphasizes that, after the 2008 crisis, it became clear that the current financial model—shaped in the post-World War II era—has become inadequate in facing today’s global challenges.
For this reason, BRICS+, as a group, plays a key role in pushing for deeper reforms of multilateral financial institutions, aiming to secure greater voice and representation for Global South countries. However, for this transformation to happen, she argues, there needs to be a rethinking of the global financial system—one that is counter-hegemonic and prioritizes the interests of Southern countries.
If BRICS wants to establish itself as a true agent of change, it must strengthen internal coordination among its members and build alliances with other developing nations, the professor reflects.
The full article is available on the BRICS Policy Center website: