IMF Chief Seeks More Details on BRICS Payments System Plans

International Monetary Fund Managing Director Kristalina Georgieva speaks during a briefing on the IMF’s Global Policy Agenda during the International Monetary Fund/World Bank Annual Meetings in Washington, DC on October 24, 2024. Mandel NGAN / AFP

The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund’s managing director said Thursday.

The meeting of the BRICS — meaning Brazil, Russia, India, China, and South Africa — took place in the Russian city of Kazan at the same time as the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington.

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by Agence France-Presse

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