Tuesday, June 10

ARTIFICIAL INTELLIGENCE

The WMO Secretary-General also noted the potential of new technologies such as “digital twin” – which creates a virtual replica of a physical object – and virtual reality – which offers immersive simulated environments – to help achieve universally agreed Sustainable Development Goals and enhance disaster preparedness.

On July 15th leaders of the BRICS nations agreed to establish a New Development Bank (NDB) while attending the group summit in Fortaleza, Brazil. This announcement has caused extraordinary attention all around the world, marking the undeniable significance for the future development of the BRICS, as well as the entire foundation of the international financial institutions. Naturally, the NDB creation initiative has prompted optimistic feedback as well as raised questions and skepticism. WEJ has invited two renowned experts to explain the meaning of the BRICS New Development Bank announcement and attempt to predict what this initiative might bring to global financial and economic development.

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