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Presidential Executive Office2025
Events

Opening remarks at the meeting with the BRICS leaders

September 5, 2013
15:15
St Petersburg
Meeting of BRICS leaders

President of Russia Vladimir Putin: Colleagues, ladies and gentlemen, friends, let me welcome you all to St Petersburg.

By tradition we have an informal exchange of opinions with our BRICS Background information BRICS colleagues ahead of the G20 meeting. This is a very good practice, and I’m sure it will achieve substantial positive results.

Our agenda is comprised of three main issues. We will discuss coordinating approaches on key aspects of the G20 summit. BRICS countries have contributed constructively to the substantive content of Russia’s priorities as the presiding country.

A considerable package of agreements has been prepared for the G20 summit. The main one is the St Petersburg Action Plan. We also have to think together about one of the most problematic global governance issues, namely the International Monetary Fund reform.

We consider establishing the BRICS Development Bank to be one of our group’s most important achievements. Its initial charter capital will be $50 billion.

The implementation of initiatives to establish a foreign exchange fund are in their final stages; BRICS countries agreed on a contingent arrangement of $100 billion. Russia will also contribute to this work.

Thank you for your attention. Once again, as the host of today’s event allow me to welcome you to Russia and to St Petersburg. We are pleased to give the floor to the President of South Africa Jacob Zuma Zuma Jacob Zuma Jacob , current chairman of BRICS, who will chair our meeting.

Thank you very much.

See also

Meeting of BRICS leaders
September 5, 2013

Additional

All G20 summit materials
September 5 − 6, 2013
Official website of Russia`s G20 Presidency

Publication status

Published in section: Transcripts

Publication date: September 5, 2013, 15:15

Direct link: en.kremlin.ru/d/19161

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Opening remarks at the meeting with the BRICS leaders

http://en.kremlin.ru/events/president/transcripts/19161

Last updated at November 19, 2015, 14:59

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