President Xi Calls on BRICS to Play Bigger Role in International Affairs

President Xi called on BRICS members to promote the reform of the governance structure of the International Monetary Fund and the World Bank, with the aim of boosting the representativeness and say of emerging-market and developing countries.
by Liu Haile
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September 4, 2016: President Xi Jinping (center) takes a group photo with Indian Prime Minister Narendra Modi (2nd left), Brazilian President Michel Temer (left), Russian President Vladimir Putin (2nd right) and South Africa’s President Jacob Zuma (right) at the West Lake State Guest House ahead of the G20 Summit in Hangzhou.

Leaders of the BRICS (Brazil, Russia, India, China and South Africa) held an informal meeting, on the sidelines of the G20 Summit in Hangzhou on September 4, 2016.

 

When addressing the meeting, President Xi called on the BRICS members to promote the reform of the governance structure of the International Monetary Fund and the World Bank, with the aim of boosting the representativeness and say of emerging-market and developing countries. BRICS nations are the leaders among emerging-market economies and developing countries, and also important members of the G20, Xi said, noting that they should reinforce coordination to build, maintain and develop the BRICS and G20 platforms.

 

As the chair of BRICS, Indian Prime Minister Narendra Modi, who describedBRICS as “an influential voice in international discourse”, said it was the grouping’s shared responsibility to shape the global agenda. He also said that “buildingresponsive, inclusive and collective solutions is the theme we have chosen which mirrors central priorities at the G20 Summit.”

 

Russian President Vladimir Putin, Brazilian President Michel Temer, and South African President Jacob Zuma attended the event.

 

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