Should the West be concerned about BRICS?

... development bank initiated entirely by emerging economies and developing countries, the NDB provides financial support for the development of various sectors, including infrastructure, clean energy, environmental protection and digital infrastructure. If the NDB can emerge as a premier bank for emerging economies, their potential clients would appreciate this opportunity to mobilize resources for infrastructure and sustainable development projects. Furthermore, BRICS facilitates multilateralism. Most of the Western multilateral institutions are only quasi-multilateral in the sense that the United States always has the last word in the IBRD, G7, NATO and AUKUS. There is no such hegemonic power within BRICS – all its members ...