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The Economic Times
The Economic Times
National

BRICS finance chiefs urge reform of global development financial institutions

MUMBAI: Finance ministers and central bank governors of BRICS countries ​have called for reform of ​global developmental financial institutions such as the International Monetary ​Fund and World Bank, seeking a stronger voice for emerging market economies.

"With the growing share of emerging market and developing economies in global output and growth, reform ‌of global ⁠economic ⁠governance remains a consistent BRICS priority," finance chiefs of BRICS countries said in a ​joint statement issued late on Thursday.

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