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Brics Wants World Bank, IMF Reforms

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Calls at the BRICS leaders New Delhi summit for a change in quotas for the World Bank and the IMF, and a more open merit based selection process for heads of the two financial institutions. According to the Economist Belgium has a larger quota than Brazil at the IMF.

BRICS countries at New Delhi Summit, March 2012

03/30/2012

Calls for changes in the quotas for the World Bank and the IMF, and a more open merit based selection process for heads of the two financial institutions. Concern about the easy monetary policies pursued in the U.S. and the Eurozone that affect emerging market economies.

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