The Quiet Rise of the BRICS Bank While the Federal Reserve prints trillions and Washington inflates the dollar into slow suicide, the New Development Bank (NDB)—popularly called the BRICS Bank—is charting a radically different course. Based in Shanghai and backed by Brazil, Russia, India, China, South Africa, and new members like Egypt and the UAE, the NDB is bankrolling infrastructure across the Global South—without Washington’s permission and without a dollar in sight. To date, the NDB has approved $39 billion across 120 infrastructure projects, with $4.8 billion currently disbursed for active developments. What makes these loans different isn’t just the volume. It’s the terms—or more specifically, the lack of Western-style strings attached. Financing Without the Fist According to NDB President…
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