Reuters reports that Brazilian President Lula wants the BRIC countries to forge a common front on reforming multinational groups like the UN and IMF. Lula also announced a $10 bln contribution to the IMF.
If the BRICs are willing to fund these and other programs, then by all means they should have signficant influence in their governance. The US has been footing the bill for many of these institutions for generations with precious little to show for it…
