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Brics' plans to replace the G7 are thin on the ground

Summary by OMFIF
The hype about the demise of the G7 and the traditional system of financial governance has dominated the media in the last few years. However, the G7 is still going strong and the proposed alternative governance system – the Brics+ bloc – has not become operational.
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2 Articles

In recent years, the media has been dominated by the hype surrounding the demise of the group of the world’s most powerful countries known as the G7 and the traditional system of financial governance. But the G7 is still strong, and proposed alternative governance systems, such as a grouping of countries from the global South known as the BRICS+ bloc, have never actually become operational. ANALYSIS: Can the BRICS join forces against the West? …

·Bratislava Region, Slovakia
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OMFIF broke the news in on Thursday, August 14, 2025.
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