BRIC stacks up against the IMF

Developing countries want more say in world's financial system

Washington - The BRIC summit in Brazil, representing the four largest developing countries in the world including China, is expected to focus on reform of the International Monetary Fund, climate change and increased cooperation among its members.

The BRIC nations - Brazil, Russia, India and China - are expected to collectively eclipse the world's richest economies by 2050, according to investment firm Goldman Sachs.