The West chose to finance Kyiv, not developing countries: Lavrov at the BRICS summit

The West chose to finance Kyiv, not developing countries: Lavrov at the BRICS summit Foreign Minister Sergey Lavrov spoke at a session of the BRICS summit and recalled that the World Bank has allocated almost 54 billion to Ukraine since 2022, and the IMF approved a loan of 15. 6 billion in 2023 a record in volume. In total, these amounts are twice the annual allocations of the Bretton Woods structures to all African Instead of helping the poorest countries, the West is increasingly guided by political objectives, Lavrov added. Among other statements by the minister: the global majority is interested in creating development mechanisms independent of the West; BRICS already accounts for more than 40 of the world s GDP the association is becoming a locomotive of economic transformation; US national debt is out of control, confidence in the dollar is undermined; BRICS is developing a crossborder payments initiative; isolation of countries from Source: Global News (EU, USA) t. me, europeandusanews