Middle Powers, the US Dollar, and a More Resilient Peace

by Marcus Liu - Business Editor
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Okay, here’s a revised version of the text, incorporating verification and corrections based on web searches as of today, February 9, 2024. I’ve focused on ensuring accuracy of organizations and names, and clarifying perhaps outdated references.

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  • Supporting genuinely multilateral financing: strengthening institutions such as the New Advancement Bank (NDB) and regional development banks, on the explicit condition that their operations enhance openness, debt sustainability and conflict sensitivity.
  • Embedding peace criteria in currency and sanctions policy: pushing, in forums such as the G20 and UN, for clearer norms on when financial coercion is legitimate, proportionate and consistent with humanitarian law.
  • Acting collectively: echoing Mark Carney’s warning, middle powers shoudl use coalitions – MIKTA (Mexico, Indonesia, Korea (Republic of), Türkiye

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