BRICS influence on rise: Lavrov
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Last Updated: Wednesday, April 13, 2011, 21:56
  
Beijing: Russia on Wednesday said that the influence of the BRICS group of emerging nations has gone up considerably on the international stage and advocated greater cooperation between them in the United Nations.

"The cooperation mechanism under the BRICS framework was maturing and its influence was going up," Russian Foreign Minister Sergei Lavrov said ahead of a summit of BRICS nations -- Brazil, Russia, India China and South Africa -- in China.

"Now the alliance is expanded, with the joining of the leading African country, South Africa. Thus, BRICS obtains a real global scale," he told Chinese news agency Xinhua today.

He highlighted the notable progress BRICS countries made with joint efforts in the reform of the international financial-economic architecture, such as the World Bank and the International Monetary Fund.

As for future cooperation, Lavrov said the bloc should advance its cooperation in international economic and political affairs.

"This will accelerate the process of overcoming the influence of global crises and facilitate the creation of a more democratic and just financial system," he said.

of relations with other leading developing countries and some international organisations, such as the Shanghai Cooperation Organisation and ASEAN.

Within BRICS, Lavrov said the cooperation mechanism provided the member states with a very good possibility for economic and technological cooperation based on complementing one another's advantages.

The third summit of leaders of BRICS countries is being held in the southern Chinese city of Sanya under the banner of 'Looking into the Future, Sharing Prosperity'.

PTI


First Published: Wednesday, April 13, 2011, 21:56


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