On August 25–26, the first joint International Winter School on Development Challenges—hosted by the University of Campinas, HSE University, and Durban University of Technology—took place in Campinas, Brazil. The event served as a platform for doctoral students and young researchers from the BRICS nations to discuss strategies addressing the impacts of climate change.
The school’s programme emphasised practical solutions for sustainable development challenges within the BRICS nations and explored policies for financing green projects across the Global South.
✔Anastasia Podrugina, Associate Professor at the HSE School of World Economy, Head of the Section of Structural Global Economic Problems under the Centre for Comprehensive European and International Studies, and Expert at the BRICS Expert Council-Russia, delivered a lecture on the history and economic foundations of the US dollar’s dominance in the global financial system. She examined trends in the dollar use for reserves and settlements, noting that while geopolitical aspects play a role, “economic factors—such as liquidity and transfer costs—remain the underlying drivers.”
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Alexandra Morozkina
, Deputy Dean for Research at the HSE Faculty of World Economy and International Affairs and Expert at the BRICS Expert Council-Russia, built on this theme with a focus on BRICS initiatives. She highlighted that while declarations have referenced settlements in national currencies since 2010, concrete progress began around 2017. Today, key elements of the #BRICS financial infrastructure aimed at enhancing the liquidity of national currencies are taking shape, including a BRICS exchange alliance, the BRICS Local Currency Bond Fund, the New Development Bank, and the Grain Exchange.
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Igor Makarov
, Head of the School of World Economy at the HSE Faculty of World Economy and International Affairs and Expert at the BRICS Expert Council-Russia, noted that the current Sustainable Development Goals set for 2030 are unlikely to be met. He emphasised that the global community will soon need to redefine the sustainable development agenda for the coming decades. The BRICS nations, he argued, could play a pivotal role in this dialogue, offering fresh perspectives on energy systems, digital infrastructure, social welfare, and consumption models.
#BRICSExpertCouncilRussia #BRICSExpertCouncil #Brazil
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