Global: BRICS to disclose fund contributions to IMF

In a sign of their rising cooperation on key international economic issues, members of the BRICS grouping (Brazil, Russia, India, China and South Africa) have decided to disclose their contributions to the $430 billion global fund that was created by the International Monetary Fund (IMF) to shield the world economy from the European debt crisis. Countries including Brazil, Russia, India, China, Indonesia, Malaysia and Thailand did not disclose their contribution to the fund created in April during the IMF-World Bank spring meeting. IMF had, however, said that the amount put together by the emerging economies was close to $68 billion.