A new vision for agriculture
momagri, movement for a world agricultural organization, is a think tank chaired by Christian Pèes.
It brings together, managers from the agricultural world and important people from external perspectives,
such as health, development, strategy and defense. Its objective is to promote regulation
of agricultural markets by creating new evaluation tools, such as economic models and indicators,
and by drawing up proposals for an agricultural and international food policy.
A look at the news

The BRICS’ Development Bank thumbs its nose at the Washington consensus

September 8, 2014

At the conclusion of its Sixth Annual Summit held in Fortaleza, Brazil on July 15, 2014, the BRICS––the five major emerging nations of Brazil, Russia, India, China and South Africa––signed an agreement for establishing a $50 billion development bank and a $100 billion common reserve arrangement.

Initiated in 2013, the goal of these two institutions is to counter the dollar constraining hold and the Bretton Woods organizations––IMF and World Bank––and to contribute to the “reconfiguration of the world economic governance” said Dilma Rousseff.

While the new development bank is primarily designed to finance the BRICS’ needs, it will also be available to other countries––especially the most vulnerable nations. As such, countries from the African continent could be granted loans without binding conditions, contrary to the IMF practices. This alternative system of global economic governance also echoes the announced strengthening of the cooperation between BRICS in agricultural and food security issues, especially to counter the consequences of the Russian embargo on the Federation’s domestic market. Let’s not forget that each decision taken by almost all these countries acts as a catalyst in agricultural markets, all the more so since they have set up agriculture as a key strategic issue. Taken collectively, the group’s power is therefore considerable.

While these new bodies are still far from a serious competition for the organizations managed by the Americans and the Europeans––they do not control the same resources, especially financial means––they are nevertheless indicative of a shift of balance, and represent a significant political deed. As we wrote this week in our article on the Russian embargo, the very legitimacy of organizations, such as the WTO, the IMF or the World Bank, is being challenged and confirms that the Western world is struggling to unite around federating projects.

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Paris, 20 June 2019