India to regroup BRICs, in G-20 at Washington

India Convenes meeting of BRICS Finance Ministers in Washington DC on September 22, 2011; BRICS to Coordinate in addressing the Evolving Economic And Financial Situation In The Various Countries: Says Finance Minister

The Union Finance Minister Shri Pranab Mukherjee said that India is convening a meeting of BRICS Finance Ministers in Washington DC on September 22, 2011 on the sidelines of the Fund-Bank and G-20 Meetings. The Finance Minister said that we would explore the manner in which BRICS could coordinate in addressing the evolving economic and financial situation in the various countries of the world. The Finance Minister Shri Mukherjee said that the objective of the meeting is to discuss our concerns regarding the current state of the Global Economy and our Policy Response. Shri Mukherjee said that we will discuss the progress on the report commissioned by India on the role that BRICS can play in the global economy going forward, and also our role in the international financial institutions such as IMF and the World Bank. DSM/SS (Release ID :76054)