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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">BRICS+: Current Agenda</journal-id><journal-title-group><journal-title xml:lang="en">BRICS+: Current Agenda</journal-title><trans-title-group xml:lang="ru"><trans-title>БРИКС+: актуальная повестка</trans-title></trans-title-group></journal-title-group></journal-meta><article-meta><article-id pub-id-type="publisher-id">51061</article-id><article-categories><subj-group subj-group-type="toc-heading"><subject>WORLD ECONOMY</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">The Economic Development Potential of BRICS+ and the New Development Bank: A Comparative Analysis with the World Bank and the IMF</article-title><trans-title-group xml:lang="ru"><trans-title>Экономический потенциал стран БРИКС+ и Нового банка развития: сравнительный анализ со Всемирным банком и МВФ</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-2912-7449</contrib-id><name-alternatives><name xml:lang="en"><surname>Sumkoski</surname><given-names>Goran</given-names></name><name xml:lang="ru"><surname>Шумкоски</surname><given-names>Горан</given-names></name></name-alternatives><bio xml:lang="en"><p>International Development Expert, Director</p></bio><bio xml:lang="ru"><p>эксперт по международному развитию, директор</p></bio><email>goran@sumkoski.com</email><xref ref-type="aff" rid="aff1"/></contrib><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-2331-9834</contrib-id><name-alternatives><name xml:lang="en"><surname>Manshin</surname><given-names>Roman V.</given-names></name><name xml:lang="ru"><surname>Маньшин</surname><given-names>Роман Владимирович</given-names></name></name-alternatives><bio xml:lang="en"><p>PhD in Economics, Associate Professor at the Department of International Economic Relations; Leading Researcher</p></bio><bio xml:lang="ru"><p>кандидат экономических наук, доцент кафедры международных экономических отношений, Российский университет дружбы народов; ведущий научный сотрудник, Институт социальной демографии, Федеральный научно-исследовательский социологический центр Российской академии наук</p></bio><email>manshin-rv@rudn.ru</email><xref ref-type="aff" rid="aff2"/><xref ref-type="aff" rid="aff3"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">International Institute of Sovereign Sciences</institution></aff><aff><institution xml:lang="ru">Международный институт суверенных наук</institution></aff></aff-alternatives><aff-alternatives id="aff2"><aff><institution xml:lang="en">RUDN University</institution></aff><aff><institution xml:lang="ru">Российский университет дружбы народов</institution></aff></aff-alternatives><aff-alternatives id="aff3"><aff><institution xml:lang="en">Institute of Social Demography, Federal Center of Theoretical and Applied Sociology of the Russian Academy of Sciences</institution></aff><aff><institution xml:lang="ru">Институт социальной демографии, Федеральный научно-исследовательский    социологический центр Российской академии наук</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2026-07-07" publication-format="electronic"><day>07</day><month>07</month><year>2026</year></pub-date><volume>1</volume><issue>2</issue><issue-title xml:lang="en">VOL 1, NO2 (2025)</issue-title><issue-title xml:lang="ru">ТОМ 1, №2 (2025)</issue-title><fpage>145</fpage><lpage>161</lpage><history><date date-type="received" iso-8601-date="2026-07-07"><day>07</day><month>07</month><year>2026</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2026, Sumkoski G., Manshin R.V.</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2026, Шумкоски Г., Маньшин Р.В.</copyright-statement><copyright-year>2026</copyright-year><copyright-holder xml:lang="en">Sumkoski G., Manshin R.V.</copyright-holder><copyright-holder xml:lang="ru">Шумкоски Г., Маньшин Р.В.</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">https://creativecommons.org/licenses/by-nc/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://bricsplus-j.ru/BRICSplusJournal/article/view/51061">https://bricsplus-j.ru/BRICSplusJournal/article/view/51061</self-uri><abstract xml:lang="en"><p>This article provides a comparative analysis of the roles played by the World Bank, the International Monetary Fund (IMF), with the current and potential role that the BRICS+ alliance through its New Development Bank (NDB) in both financing and developing policy recommendations aimed at economic development among member countries. The World Bank and IMF have traditionally been the main institutions influencing global economic policies. However, the emergence of BRICS+ as a significant player in the global economy has added a new dimension to this landscape. While the Bretton Woods institutions promoted and often imposed neoliberal policies on countries recipients of financing, the NDB places its focus on strengthening their economic sovereignty. Using quantitative and qualitative methods, the article examines the approaches, methodologies, and implications of these institutions in providing financing and advice to countries seeking to strengthen their economic sovereignty. Drawing on a wide range of academic literature, official documents, and case studies, this article highlights the various strategies employed by these institutions and assesses their effectiveness in supporting countries in implementing sovereign economic policies. Based on this, the article provides recommendations for the wider and more comprehensive approach of the BRICS+ and its NDB in order to improve its effectiveness to help its member countries in meeting the challenges of the multipolar world that is shaping up.</p></abstract><trans-abstract xml:lang="ru"><p>Представлен сравнительный анализ роли Всемирного банка, Международного валютного фонда (МВФ) с текущей и потенциальной ролью альянса БРИКС+ через его Новый банк развития (НБР) как в финансировании, так и в разработке рекомендаций по вопросам политики, направленных на экономическое развитие стран-членов. Всемирный банк и МВФ традиционно являются основными институтами, влияющими на глобальную экономическую политику, однако появление БРИКС+ в качестве значимого игрока в мировой экономике добавило новое измерение к этому ландшафту. В то время как Бреттон-Вудские институты продвигали и часто навязывали неолиберальную политику странам - получателям финансирования, НБР уделяет особое внимание укреплению их экономического суверенитета. При помощи количественных и качественных методов рассматриваются подходы, методологии и роль этих институтов в предоставлении финансирования и консультаций странам, стремящимся к укреплению своего экономического суверенитета. Опираясь на широкий спектр научной литературы, официальных документов и тематических исследований, анализируются различные стратегии, применяемые этими институтами, оценивается их эффективность в поддержке стран в реализации суверенной экономической политики. На основании этого даются рекомендации по более широкому и всеобъемлющему подходу БРИКС+ и Нового банка развития в целях повышения его эффективности для оказания помощи странам-членам в решении задач формирующегося многополярного мира.</p></trans-abstract><kwd-group xml:lang="en"><kwd>World Bank</kwd><kwd>IMF</kwd><kwd>BRICS+</kwd><kwd>NDB</kwd><kwd>economic sovereignty</kwd><kwd>recommendations</kwd><kwd>comparative analysis</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>Всемирный банк</kwd><kwd>МВФ</kwd><kwd>БРИКС+</kwd><kwd>Новый банк развития</kwd><kwd>экономический суверенитет</kwd><kwd>рекомендации</kwd><kwd>сравнительный анализ</kwd></kwd-group><funding-group/></article-meta><fn-group/></front><body></body><back><ref-list><ref id="B1"><label>1.</label><mixed-citation>Abdenur, A.E., &amp; Folly, M. (2015). The New Development Bank and the institutionalization of BRICS cooperation. 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