[Manthink]

New Development Bank setup in 2014 HQ in Shanghai has opened branches in Brazil and South Africa.
BRICS Bank will become Central Bank
Will soon be opening in Moscow and India, a strategy to support liquidity (even W/O USD) in events of war.

Precisely - the NDB and with Shanghai based AIIB basically provide alternatives to WB and IMF.
7 years ago, I came across an article about these "new" financial institutions which is the $ power for BRI projects.
Then hear a lot of "debt trap" stories from Sri Lanka and African countries. Those turn out to be fake news since now we see more countries wanna join BRICS + SCO + those non-US$ financial institutions.

Today, we see Western banks closures and worst being saved by their own gov in the supposed "open" economies of US or Switzerland...
The Signs are already there years ago.

Try to spot someone familiar in this 2014 Beijing photo with glossy bald head...



https://thediplomat.com/2016/04/the-aiib...beginning/