In 2014, the BRICS nations established the New Development Bank (NDB) as an alternative to existing Western-dominated financial institutions like the World Bank. This initiative aimed to provide funding for infrastructure and sustainable development projects in emerging economies, reflecting a shift in global economic power dynamics. The NDB underscores the growing influence of BRICS countries in international finance and their commitment to addressing development challenges collaboratively.

The establishment of the New Development Bank (BRICS Bank) in 2014 reflected multipolar finance, inspiring Global South literature that addressed themes of sovereignty and alternative global orders. Poets began to explore the complexities of economic power dynamics in their works, emphasizing voices from the Global South.