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China, India and Russia: reform of the international financial system is necessary
The heads of the Ministries of Foreign Affairs of Russia, China and India Sergei Lavrov, Wang Yi and Sushma Swaraj expressed the need for an early reform of the international financial system, and in particular the World Monetary Fund, according to the document adopted following the meeting of partners in Beijing.
The aim of the changes is to increase the representation of emerging markets and countries. At the same time, special attention should be paid to the implementation of the IMF's plan for reforming quotas, which was adopted in 2010, the Foreign Minister believes.