Russia: we insist on reform of the International Monetary Fund and the World Bank

Sergei Ryabkov, Deputy Russian Foreign Minister said that his country will insist on reform of the IMF and World Bank over the next "BRICS" summit in the Russian city of Ufa, which will be held early next July. He said Ryabkov, in a press statement on Tuesday, reported by the news agency "Novosti" Russian, that during the Russian presidency of the Group of countries, "Brix", which also includes Brazil, India, China, South Africa, will be able to establish a development bank, and we will insist on the activation of the reform of IMF and the World Bank.