Emerging countries (BRICS) demand greater representation: an alternative to the Bank World Bank
New Delhi (AsiaNews /
Agencies) - The five most important emerging countries must to be considered
more in the world economy, dominated by the U.S. and Europe and are planning
the launch of a bank to fund developing countries, which would compete with the
World Bank and the Asian Development Bank.
The meeting held in the Indian capital among the leaders of Brazil, Russia,
India, China, South Africa (in short: BRICS), ended yesterday with a statement
in which, while showing concern for the global economic situation and
willingness to help Europe to overcome the crisis, emerging countries demand
that their voice count for more in the international financial structures, such
as the International Monetary Fund (IMF, whose president is always a European)
and the World Bank (whose president is always an American).
The Brics want more representation in the Bank and the IMF, and demand that
their leaders are chosen on merit and not according to nationality (U.S.
or European). Manmohan Singh, Indian Prime host, said that "institutions
of global political and economic government created more than 60 years ago are
outdated compared to a changing world".
The BRICS countries now account for 28% of the global economy. And next year will
produce more than 50% of global wealth. The Brazilian leader Dilma Rousseff
said that the BRICS were "the most important driver of the global economy
over the past five years. Together we will be responsible for more than half of
the growth for 2012, 56%, according to the IMF."
Singh has clarified that for this reason, the BRICS are considering "the
proposal of a development bank for South-South relations, funded and
administered by the BRICS and other developing nations."
The South African president, Jacob Zuma, praised the idea of a BRICS development
bank, which could bring hope to many African countries that "are excluded
from the mainstream of world development."
The Delhi Declaration also focuses on the situation of Syria and Iran,
stressing that "the stability, peace and security in the Middle East and North Africa are vital to the international
community."
For Syria, the BRICS
"call for the immediate cessation of all violence and human rights
violations" for Iran,
they stress the importance of dialogue, to avoid the situation to "
escalate into conflict, the disastrous consequences of which will be in no
one's interest. "
India and China are among the major oil partners of Iran and are in trouble because of new U.S. sanctions against Tehran, blocking financial transactions,
making oil payments difficult.
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