Discussions at the recent SCO Summit in New Delhi now point to the inevitable: The merging of new multipolar organizations and their collective reorganization of global finance.

© The Cradle
The 23rd summit of the heads of state of the Shanghai Cooperation Organization (SCO), held virtually in New Delhi, represented History in the making: three BRICS (Russia, India, China), plus Pakistan and four Central Asian "stans" (Kazakhstan, Kyrgyzstan, Uzbekistan, and Tajikistan), finally and formally, welcomed the Islamic Republic of Iran as a permanent member.
And next year will be Belarus' turn, as confirmed by India's First Deputy Foreign Minister Vinay Kvatra. Belarus and Mongolia took part in the 2023 summit as observers, and fiercely independent Turkmenistan, as a guest.
After years of US "maximum pressure," Tehran may now finally get rid of the sanctions dementia and solidify its leading role in the ongoing process of Eurasia integration.Arguably the star of the show in New Delhi was Belarusian President Alexander Lukashenko, who has led his country since 1994.
Old Man Luka, unbeatable in the headline-stealing department, especially after his mediator role in the Prighozin saga, may have coined the definitive slogan of multipolarity. Forget the western-termed "golden billion" which in fact barely reaches 100 million; embrace now the "Global Globe" - with a firm focus on the Global South.
As the clincher, Lukashenko proposed total integration of the SCO and BRICS - which in their upcoming summit in South Africa will be heading the BRICS+ way. And it goes without saying, this integration also applies to the Eurasia Economic Union (EAEU).
The next step for the "Global Globe" - what the collective west dismissively qualifies as "the rest" - is to work on the complex coordination of several development banks and then the process to issue bonds linked to a new trading currency.
The main ideas and the basic template already exist.
The new bonds will be a real safe heaven compared to the US dollar and US Treasuries, and will imply accelerated de-dollarization. Capital used to purchase those bonds should be used to finance trade and sustainable development, in what will be a certified, Chinese-style "win-win."
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