Evolution of International Financial Architecture

This chapter explores the changing landscape of the global financial system post-events like Russia's invasion of Ukraine, focusing on the shift from traditional creditors to new lenders like China. It emphasizes the role of institutions like the IMF, the challenges of sovereign debt restructurings, and the impact of the pandemic on financial strategies. The discussion highlights the need for strategic approaches to financial aid and the importance of timely repayments for stability in the international financial architecture.