Leaders of BRICS countries to hold negotiations before G20 summit

"The leaders of the BRICS countries will meet before the G20 summit in Brisbane, Australia, Russian presidential aide Yury Ushakov said. "The main task is to reach agreements on the main issues on the agenda of the G20 summit. Specifically, the meeting will address the implementation of the decision to launch the new BRICS Development Bank and the pool of contingent currency reserves with a total capital of $200 billion, which was mentioned in the previous summit," Ushakov told a briefing on Friday. Ushakov said special attention will be given at the BRICS meeting to issues relating to the reform of international financial institutions, specifically, redistribution of IMF quotas."

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