BRICS concerned over reformation of world financial system

BRICS members are concerned over reforms to of the world financial system, Russian President Dmitry Medvedev said in New Deli, Interfax reports.

The reform process neglects the role of BRICS states in global economy. The Russian president noted contribution of BRICS economies to cope with social challenges and the challenges of modernization.

BRICS leaders signed a general agreement on credits in national currencies and multilateral cooperation. Signatures were given by the leaders of Brazil, Russia, India, China and South Africa.