Fastepo: BRICS Write-off $20 billion Debt of Africa and Shocked IMF

In a bold move that has sent ripples through the global financial landscape, the BRICS nations have announced a write-off of $20 billion in African debt. This unprecedented decision is not just a gesture of goodwill; it represents a strategic shift in the geopolitical dynamics of international finance, one that has left the International Monetary Fund (IMF) and the World Bank reeling in shock. But could this be the beginning of the end for these longstanding financial institutions? BRICS was established as a counterweight to Western financial institutions like the IMF and World Bank, aiming to foster economic cooperation among…