Revisiting the R5 Paradigm

... between the BRICS+ and the R5+ initiatives will be the cooperation platform for the regional development institutions where BRICS countries and their regional partners are members. Such development institutions may include regional development banks ... ... with “currency mismatches” and the fragilities associated with high levels of debt. The scope for de-dollarization in the global economy remains sizeable in view of the decades long “dollarization overstretch” and the imbalances that this has generated ...