Lula and Lavrov Blasts IMF, Demands End To West’s Economic Control At BRICS! | Times Now World

Brazilian President Luiz Inácio Lula da Silva launched a sharp critique of international financial institutions at the BRICS Summit in Rio, accusing the International Monetary Fund (IMF) and World Bank of operating a “reverse Marshall Plan” that extracts wealth from developing nations to benefit richer countries. Lula called for a sweeping reform of IMF voting rights, demanding BRICS nations be granted at least 25% of total power, up from the current 18%. He also promoted the New Development Bank as a model for balanced governance and proposed BRICS-led digital infrastructure, including sovereign submarine cables, to reduce dependence on Western systems. Lula’s remarks underscore a growing push among emerging economies to reshape global financial power structures.#lula #brics2025 #imf #globaleconomy #digitalsovreignty #tnworld #timesnowworld #worldnews #internationalnews #timesnews #newsworld ​Subscribe now: http://bit.ly/3VHIl37 Times Now World is your definitive source for comprehensive global news and analysis. At Times Now World, we bring you breaking news and real-time updates on US news, US elections, Trump, Biden, Putin, Zelensky, Russia-Ukraine war, Israel-Hamas conflict, Gaza, China-Taiwan tensions, Hungary news, NATO updates, and EU developments. Stay informed with our in-depth coverage of politics, economics, and current affairs, exclusively on Times Now World. Explore diverse perspectives and expert insights on international relations, technology, and more, all on Times Now World. Engage with dynamic discussions on global issues, including NATO news and EU updates, on Times Now World. Follow compelling stories and impactful reports on Times Now World. Discover the pulse of international affairs with Times Now World's extensive coverage of global events.