Today the Sherpas and Sous-Sherpa meetings are beginning, providing an informal meeting of the BRICS leaders. A meeting of the presidents ‘without ties’ will be held on the sidelines of the G20 summit, which opens on November 15th in Antalya, Turkey. According to the Deputy Minister of Foreign Affairs of China, Li Baodong, the challenges of the global economy and how the BRICS countries will be able to respond to the related risks and challenges will be discussed at the summit. In addition, the leaders will discuss the fight against terrorism, as well as the problem of refugees.
Talking about the topics of the summit, Russian Foreign Minister Sergei Lavrov said that ‘’recent events demonstrate that collective action can lead to progress in solving even the most complex issues of our time. Russia, as well as all the BRICS members, considers that a mutually respectful dialogue allows us to achieve common positions on many global issues. We are talking about the efforts of the Five in combating international terrorism and drug trafficking, providing information security and information technology development."
The minister believes that "cooperation between the BRICS countries is successfully developing in the economy, trade, finance, science and technology," the strategy of the economic partnership association was approved at the BRICS summit in Ufa in July this year. "Together we stand for the implementation of the agreements on the reform of the world monetary system. The new Development Bank and the pool of the foreign exchange reserves are designed to promote international financial stability," Lavrov said.
As suggested by the head of the economic sector of foreign countries of the Russian Institute of Strategic Studies, Sergey Karataev, "it is also important for BRICS to gradually become the leader of the countries of the South regarding the development of the agenda. And a positive agenda, and developed proposals, which to a certain degree will be an alternative to what is offered by the West. No one will give us anything for free. If you look at the reform of the IMF, it was adopted as soon as the problem of financing the IMF's fund was solved, the question of reform was postponed and then completely forgotten. Because the problems of Western countries were resolved. "
According to the expert, today it is important to consolidate expert community BRICS: "We are only at an early stage of development disease. We need a few more years to start making proposals at this level. But they are necessary. I will not move away from the IMF, I'll give you an example, the fact that within the framework of the management system of the International Monetary Fund the fund itself defines three major players: The US, the EU countries and the BRICS. It highlights the BRICS separately. And if we assume that the IMF is under a certain control of the US, the latest report contained a message to the international community that, in general, the United States and IMF, with the consent of the United States, are ready to start a reform. But it does not need the BRICS countries, it does not concern the BRICS countries, it needs European countries to agree to reduce their share in the management of the fund to a level similar to the level of the United States and the level of the BRICS. And if we look at the chart, it is somewhere around 20%. At the same time, the European community has formed its proposal, before 2025 it wants to consolidate the voices of individual countries, and present a common front, to take common decisions on behalf of the European Union. The BRICS position on this issue, unfortunately, is characterized by the fact that we want reform, we want the revision of 15, but what do we want as a result, we have yet to work out to such a degree, up to 2025. "
