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Chemical workers strike in Hopewell, Virginia

The World Bank and the BRICS Bank Have New Leaders and Different Outlooks

In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World

Unions at striking Hopewell plant say company is trying to divide them

The unions are accusing nylon-resin maker AdvanSix of trying to drive a wedge among them with its latest contract offer.

The World Bank and the BRICS Bank have new leaders and different outlooks

The BRICS Bank is a young institution compared to the World Bank, but it has considerable financial resources and will need to be innovative in providing assistance that does not lead to endemic debt. Whether the new BRICS Think Tank Network for Finance will be able to break with the IMF’s orthodoxy is yet to be seen.

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