BRICS summit gives up the challenge to the dollar

Talk about ways to reform the international financial institutions The first BRICS summit was held in Jekaterinburg, Russia, 16th, according to the Oriental Morning Post.　　Russian President assistant Sergejo Diko said 14th that the leaders of the four countries will not discuss the new global reserve currency, but will talk more about ways to reform the international financial institutions. Russia does not insist that the Summit held every year Sergejo Diko told the media that the leaders of the four countries would not discuss the issue of a new global reserve currency. "Leaders will discuss more practical issues and talk more about ways to reform the international financial institutions," he said. Previously, Russia had called for the renminbi and the rouble to replace the dollar as the world's reserve currency for the future.　　Brazil's Minister of Strategic Development, Roberto, also expressed expectations for reform of the world trading system. Sergejo Diko also said Russia does not insist on the idea of holding BRIC summits every year. Despite the increasing willingness of States to coordinate their actions, there was no discussion on the establishment of more permanent BRIC institutional entities before the meeting.　　He said economic issues, including global energy and food security, would be the top issue on the agenda.　　Indonesia has great potential. In a recent report, Morgan Stanley, the famous financial services firm, said Indonesia's growth rate would reach 7% per cent in 2011, and that the country would be included in the BRIC countries by 2011. The Morgan Stanley report, published on June 12, said the country's political stability and buoyant demand helped to boost the size of the 433 billion dollar economy, which is likely to grow by 60% over the next 5 years.　　Indonesia's finance minister, Indavati, said in Jakarta 15th that the 2011 growth rate of 7% per cent was "possible and achievable".　　China, Russia, Brazil and India now account for 15% of the world's economic costs, making it the best capital for BRIC countries to build a strong international organization. Russia advocated the establishment of the anti-crisis fund Medvedev 15th at the summit, said the meeting was held on June 15 on the day of the SCO. This day is full of symbolism. Today the SCO is 8 years of age. Time seems to be passing quickly, and it seems that the SCO has only just set up, but it has taken quite serious steps.　　"he said.　　Tajikistan's Presidential Information bureau said 15th that the Chinese government provided 8.8 million U.S. dollars in aid to Tajikistan for the implementation of the counter-crisis measures. Commenting on the Shanghai Cooperation Organization and the BRICS summit, Mironov, chairman of the Russian Federation, suggested that the Shanghai Cooperation Organization's anti-crisis fund, which could be used as a development fund for the SCO, would be invested in infrastructure projects in Russia, Central Asia and South-East Asia to develop transportation, energy and the environment. He also suggested that the SCO could set up a special centre to deal with global climate problems and the effects of natural disasters. He thinks the SCO and the BRICS summit shouldFocus on global energy, climate and food issues.