Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
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Source: People’s Republic of China – State Council News
KUALA LUMPUR, July 7 (Xinhua) — The BRICS grouping, which has proven itself to be a strong and principled force, represents an opportunity to shape a more balanced and fair international order, Malaysian Prime Minister Anwar Ibrahim said.
The Prime Minister said in a statement that existing international institutions need to be reformed to reflect the changing global reality and take into account the aspirations of developing countries.
“I also call for a major overhaul of global institutions such as the UN, the International Monetary Fund, the World Bank and the World Trade Organization so that they better reflect modern realities and the needs of developing countries, rather than remaining within the outdated structures that emerged after World War II,” he said.
A. Ibrahim, who attended the 17th BRICS summit in Brazil, also noted that the association should strengthen economic cooperation both among member countries and with other regional associations such as the Association of Southeast Asian Nations (ASEAN).
“BRICS and ASEAN members should also continue to strengthen strategic cooperation, including expanding intra-regional trade and investment for mutual benefit of developing countries,” he stressed. –0–
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