BRICS finance ministers band together in call to reform the IMF

Ministers of finance from the BRICS group of developing nations called for an IMF overhaul that will redistribute voting rights and end a tradition of putting a European at the fund’s helm. The unified proposal, which is a first for the growing organization that aspires to represent the Global South, will be discussed at an IMF meeting later this year that will review the current quota system. BRICS finance ministers propose changes to the IMF The finance ministers of the countries forming the BRICS bloc are calling for reforming the International Monetary Fund (IMF) in a joint statement presenting their...