BRICS blazes a new trail

Global rebalancing requires greater role for Brazil, Russia, India, China and South Africa in international governance

Amid the ongoing global economic and financial uncertainties, BRICS members will be discussing closer cooperation and coordination at their fourth summit, which opens in New Delhi, India, on Wednesday.

President Hu Jintao is meeting with the leaders of Brazil, Russia, India and South Africa to exchange views on the global economy and other major international issues of common concern. The establishing of a joint development bank, which was raised by their finance ministers on the sidelines of the February G20 summit, is also likely to be discussed.