Amidst concerns over his tariff policies, calls are underway for a review of the World Bank's shareholding patterns.
1 report, 1 independent
Updated Sep 1
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What happened
Amidst concerns over his tariff policies, calls are underway for a review of the World Bank's shareholding patterns.
Who's involved
What this event is mainly aboutKeep exploring
Part of
BRICS, chaired during its 2026 tenure, demanded greater voice and structural reforms within the IMF and World Bank.Also in this story
- BRICS discussions highlighted the limitations of the bloc due to the Iran conflict and compared the size of its bank to the World Bank.
- BRICS calls for major reforms of Western financial institutions, with India acting as a brake on de-dollarization efforts.
- BRICS expands to include Iran and is seeking alternatives to existing global financial institutions.
- While participating in BRICS, Malaysia has voiced support for reviewing the IMF and World Bank, alongside views that the UN system is outdated and unfair.
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
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World Bank
international financial institution
Related events
- Global tariffs from Donald Trump began on August 4, 2025, impacting international markets and financial news services like Bloomberg L.P.
- Trump proposes tariffs on countries buying Russian oil and gas, while Fed policy affects global sentiment.
- The Institute for Supply Management noted on August 8, 2025, that tariffs from the Trump administration were causing market volatility and hurting industry and consumers.
- The Trump administration is currently negotiating tariffs.
- Trump's administration issues tariff threats against the EU as BRICS expands and observes within the Arctic Council.