M'sia Supports WTO Reform to Better Navigate Contemporary Issues: PM

Quotidiano Nazionale

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In a speech at the Brics Summit in Rio de Janeiro, Brazilian President Luiz Inacio Lula da Silva defended the revision of the quota system in the International Monetary Fund, stating that the votes of the Brics countries in the institution should correspond to at least 25% of the total, while currently representing 18%. The progressive leader also stressed the need to reform the World Trade Organisation (OMC). "His paralysis and the increase in …

Noticias ao Minuto

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"To achieve our economic weight, the voting power of BRICS members in the IMF should correspond to at least 25% and not 18% of what we are currently holding," said Lula da Silva, at the opening of the second plenary session on the first day of the Heads of State and Government of BRICS, which runs until Tuesday in Rio de Janeiro. The Head of State of Brazil, who holds the presidency of the group of emerging economies, said that "the structures o…

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Jornal Expresso

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Jornal Expresso

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Brazilian President Lula da Silva today defended a reform in the World Bank, the World Trade Organization (WTO) and the International Monetary Fund (IMF). "To achieve our economic weight, the voting power of the members of BRICS in the IMF should be at least 25% and not the 18% we are currently holding," said Lula da Silva, at the opening of the second plenary session on the first day of the Heads of State and Government of BRI