The eighth BRICS summit is being held in India's Goa, a month after the Group of 20 (G20) Hangzhou summit. It is widely expected that the G20 consensus would boost BRICS' participation in global economic governance.
IMPROVING GLOBAL GOVERNANCE
During the G20 summit in China's Hangzhou, Chinese President Xi Jinping urged BRICS countries -- Brazil, Russia, India, China and South Africa -- to make joint efforts to improve global governance while attending a BRICS leaders' meeting on the sidelines of the G20 summit.
The top Chinese leader called on BRICS members to promote the reform of the governance structure of the International Monetary Fund (IMF) and the World Bank, with an aim to boost the representativeness and say of emerging markets and developing countries.
At the BRICS meeting in Hangzhou, leaders agreed on the prospects and momentum of their economies and the fact that they will continue to be strong engines of the world economy.
The countries are committed to promoting emerging economies and developing countries to play a bigger role in international affairs and global governance, which will contribute to building a robust and more balanced global economy, said the statement after the BRICS meeting.
BRICS leaders said that the IMF quotas fail to reflect current global economic realities, urging G20 members to step up efforts with the IMF to increase quota resources and review the distribution of quotas and votes to ensure a fair reflection of emerging and developing economies.
【国内英语资讯:Spotlight: G20 Hangzhou summit offers impetus to BRICS greater role in global economic gov】相关文章:
★ 外套流行超大号
★ 银行业应简单至上
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15