BRICS finance ministers and central bank governors are calling for essential reforms within global institutions, with an aim to amplify the role of emerging market economies in international decision-making while advocating for enhanced compatibility of payment systems among member states.

BRICS finance ministers and central bank governors are exploring faster and cheaper cross-border payment systems, including greater use of local currencies for trade and…

BRICS finance chiefs and central bank governors on Friday reiterated calls for urgent reform of the International Monetary Fund and World Bank to give emerging and developing…