BRICS urge IMF and World Bank to increase representation, transparency
Business
BRICS countries Brazil, Russia, India, China, and South Africa are pushing for big changes at the International Monetary Fund and the World Bank.
Their finance ministers and central bank governors say emerging economies deserve a bigger say because they're driving more of the world's growth.
They're calling for these institutions to be more representative, transparent, and accountable.
BRICS to speed payments, flag tariffs
BRICS finance ministers and central bank governors also plan to work together on making cross-border payments faster and cheaper by improving their payment systems.
Plus, they're raising concerns about trade barriers like tariffs that make things harder for everyone.
India will host the BRICS Leaders's Summit in New Delhi this weekend.