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BRICS Will Snuff Out US, IMF and World Bank Hegemony, Says Cuban President Miguel Diaz-Canel

Cuban President Miguel Diaz-Canel believes that the BRICS coalition has the potential to disrupt the existing world order dominated by the United States. In an interview with RT, Diaz-Canel stated that BRICS offers an alternative to countries facing pressure to conform to US hegemonic policies. He sees BRICS as a platform for economic integration, particularly for developing and poorer nations, offering a multi-polar approach and a more equitable international economic order.

Diaz-Canel highlighted the stance of BRICS nations against the Cold War ideology, advocating for fair and equal economic and commercial relationships among countries. He emphasized the importance of treating all players as genuine partners, as this fosters peace and international security. Moreover, the President revealed that BRICS members are considering moving away from the US dollar in international trade to avoid potential sanctions imposed by the US and its allies. This de-dollarization effort aims to promote inclusivity and mutually beneficial relations among a large group of countries.

The Cuban President envisions the opportunities presented by BRICS as a pathway to a new world order that is not controlled by the US, the International Monetary Fund (IMF), or the World Bank. He believes that following the BRICS approach can gradually lead to a fairer, more cohesive, inclusive, and democratic international economic order. Diaz-Canel predicts that such a transformation would bring about peace, enhanced security, and expanded opportunities across various domains. In this envisioned future, there would be no hegemony from the US or institutions like the IMF or the World Bank.

The BRICS coalition, consisting of Brazil, Russia, India, China, and South Africa, presents a counterbalance to the existing global power dynamics. By advocating for economic integration and challenging the dominance of the US dollar, BRICS aims to create a more equitable and inclusive international economic system. While Diaz-Canel’s views reflect a perspective of seeking alternative arrangements, it remains to be seen how BRICS will navigate the complexities and challenges posed by the existing global order. Nonetheless, the coalition’s efforts have the potential to reshape the dynamics of international trade and finance in the years to come.

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