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Also in this edition: Powell warns US inflation too high, fossil fuel subsidies, science round-up
An expanded group will struggle to challenge the west’s influence over the global economy
Even the rival long-established G7 rich countries have often struggled for consensus
Shanghai-based lender’s president says it can become an institution ‘made by developing countries for themselves’
Multilateral lender founded as competitor to west has struggled to raise funds because of Russia exposure
New Development Bank aims to double loan book and focus on local currency lending
Some $30bn in loans planned by BRICS’ bank gives the grouping a practical purpose
Developing countries aim to create alternative to World Bank
International Edition
