The declaration signed by BRICS leaders, issued at their meeting in the Russian town of Ufa, is set on confirming the organization’s unified vision on issues of international importance.
A number of analysts believe that this is a step in the direction of the organization aiming at increasing its role in resolving global issues.
The high-level representatives from Brazil, Russia, India, China and South Africa announced that they would encourage reforms in the UN and the International Monetary Fund (IMF). They also condemned one-way sanctions and opposed allocation of additional funds to already quite well-developed economies across the world.
Additionally, the …read more