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Find all the economic and financial information on our Orishas Direct application to download on Play StoreSince November 20, 2022, a BRICS delegation has been on a working visit to Bangui led by the President, Larissa Zelenstova, and Houa Don Mello, Central and West Africa Representative of the BRICS Alliance. On occasion, discussions on the financing of the BRICS bank were initiated.
A group of 6 people started exchanges with the Central African authorities. They are the Head of State of the Central African Republic Faustin Archange Touadera and several ministers of the Central African government, including the head of State Félix Moloua. The objective of this meeting is to create a framework for collaboration between the International BRICS Alliance platform and the Central African Republic in order to consolidate its economic, social and financial development.
The BRICS Alliance announced the upcoming opening of their sub-regional headquarters in Central Africa, and the headquarters of the BRICS Bank in Bangui through the visit of its president. In reality, the main anchor of African development is today the pegging of the main currencies to the euro, which hampers trade. For economists, that the trend to abandon traditional currencies (the dollar and the euro) in commercial interactions has intensified since the imposition of extensive sanctions against Russia. The new criteria allow non-BRICS countries to access financing for infrastructure projects through the BRICS bank.
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