Paulo Nogueira Batista Jr.

Paulo Nogueira Batista Jr., former IMF Executive Director and founding Vice President of the BRICS New Development Bank, shares insights on the shifting dynamics of international finance. He discusses how the IMF has been weaponized for geopolitical purposes, leading to the rise of BRICS institutions. Topics include the cautious approach to de-dollarization, the implications of freezing Russian reserves, and the challenges China faces in assuming a dominant role. Batista ultimately critiques the West's declining influence and highlights the need for new global currency frameworks.