The BRICS - frustrated at being kept out of leadership roles in the World Bank and IMF despite...

|By:, SA News Editor

The BRICS - frustrated at being kept out of leadership roles in the World Bank and IMF despite their growing relevance - are set to approve the formation of competing establishments during their annual summit launching today. "We need to change the way business is conducted in the international financial institutions," says South Africa. "They need to be reformed."