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BRICS Bank Challenges US Financial Dominance with Non-Conditional Loans

BRICS Bank Challenges US Financial Dominance with Non-Conditional Loans

Author:

Global Cryptocurrency

Published:

2025-12-07 14:08:01

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BTCCSquare news:

The New Development Bank (NDB), known as the BRICS bank, is accelerating infrastructure financing in developing nations without Western-style conditions. With $39 billion approved across 120 projects—including $4.8 billion for 20 active initiatives—the bank is prioritizing local currencies like the yuan, rupee, and ruble over the US dollar.

NDB President Dilma Rousseff frames this as a direct challenge to Western financial hegemony. 'Our loans come without political strings,' she asserts, contrasting BRICS' approach with what she describes as the conditional lending practices of US-led institutions. The strategy aims to erode dollar dominance by 2030 through trust-building in alternative financial systems.

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