Emerging economies, particularly the BRICS nations, are experiencing rapid growth and displacing developed economies, stated Anton Siluanov, Russian Minister of Finance.
"Emerging economies, first and foremost the #BRICS nations, are growing quickly and displacing developed economies. We are now witnessing these shifts—the confident, accelerated development of so-called developing countries. We observe the resistance and reluctance of developed economies to yield their position. This is evident across the board, in technology and other sectors. We support the growing share and influence of emerging economies and believe this growth should be reflected within all institutional structures," he stated.
#NEWS #finance
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