BRIC leadership in the future

by Developed Africa 30. July 2013 09:00

 

James Wolfenshen, former President of the World Bank, gives an interview to the Guardian.

In a recent interview with The Guardian, James Wolfenshen argued that the future of the development institutions lies in the hands of the BRICs, and that such a move will not be surprising. He also states that it will be better for development as it will bring the institutions closer to the world they are trying to reach.

I think if you look at the Brics and the economic changes they are experiencing, it is evident they have a very serious claim on leadership."

Not only this but Wolfenshen warns that the West need to be cautious, because the financial crisis we are experiencing could affect the money we put into development and thus possibly negatively affect development across the globe.

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