BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

Publikováno: 17.10.2024

#Featured #brics #debt #developing nations #economic strategy #Emerging Markets #IMF #infrastructure #International Monetary Fund #Kudzai Dominic Chiwenga #mineral wealth #NDB #New Development Bank #Russia #World Bank #ZIG #Zimbabwe #Zimbabwe gold

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BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]