WASHINGTON, D.C. — The International Monetary Fund (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 on 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 IMF and the World Bank in Washington.
PROBE International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the IMF’s Global Policy Agenda in Washington, D.C., on Oct. 24, 2024. Georgieva said the IMF would look into the cross-border payments initiative launched by Brics before deciding on a course of action. AFP PHOTO