I’ve been reading similar head lines about this Paris summit for some days now. After reading this article it still doesn’t sound too special. Like it’s more problem oriented and has a bottom-up approach; so does anyone get what exaclty is " new " about it?
It’s nothing new, it’s just bringing the neo-colonial instruments of the Breton Woods institutions into the 21st century.
If we want to talk about genuinely new financial systems we can look at BRICS+, Shanghai Cooperation Agreement, the multitude of bilateral currency swap agreements, and regional currency swap blocs.
Dedollarization and multipolarity are coming and they’re coming hard. The G7 are simply scrambling for any possible way to maintain their imperialist arrangements, but it’s not going to work.