https://www.taxtmi.com/news?id=74778 BRICS finance ministers and central bank governors seek reform of global financial governance to increase emerging-market and developing-economy representation in the International Monetary Fund and World Bank. The agenda includes quota realignment, transparent leadership selection and correction of developing-country underrepresentation. Cooperation also supports expanded New Development Bank financing, local-currency lending, a multilateral guarantees mechanism, and a more flexible Contingent Reserve Arrangement for liquidity support during balance-of-payments pressures. en-us Sat, 12 Sep 2026 12:31:02 +0530 Sat, 12 Sep 2026 12:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74778 BRICS finance ministers and central bank governors seek reform of global financial governance to increase emerging-market and developing-economy representation in the International Monetary Fund and World Bank. The agenda includes quota realignment, transparent leadership selection and correction of developing-country underrepresentation. Cooperation also supports expanded New Development Bank financing, local-currency lending, a multilateral guarantees mechanism, and a more flexible Contingent Reserve Arrangement for liquidity support during balance-of-payments pressures. News - Sat, 12 Sep 2026 12:31:02 +0530 https://www.taxtmi.com/news?id=74778