MACRO PICTURE

BRICS+: Shifting Global Economic Power and the Path to De-Dollarization

By Nato Balavadze

14 November 2024

In this paper we discuss:

• The latest IMF Projections on BRICS' growth and inflation;
• Russia's BRICS agenda: initiating multipolar finance and trade initiatives;
• BRICS efforts towards de-dollarisation;
• Opportunities and challenges deriving from BRICS+ currency diversification and dollar dependency;
• The de-dollarisation processes of trade flows; and
• Why BRICS is likely to delay the adoption of common currency plans.

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