BRIC summit to focus on economic, financial issues (3)

Jaguaribe said the need to change the pattern of international governance promoted by the BRICs had already produced significant results.

"In the financial area, changing the G7 to the G20 is a highly significant progress," he said. "Although there is not a corresponding change in the political strategic level."

In addition to the economic issues, the presidents may talk about issues concerning international political topics, such as combating climate change and the Iranian nuclear program issue.

The first BRIC business seminar and a meeting of development banks in Rio de Janeiro, a seminar on "think tanks" in Brasilia, and a meeting of commercial banks in Sao Paulo and Brasilia will also be held during the summit.

Parallel to the BRIC meeting, Chinese President Hu will pay an official visit, while Indian Prime Minister Singh and Russian President Medvedev will have separate meetings with Lula da Silva.

The BRIC Summit will be held a day after the IBAS forum meeting, which will gather India, Brazil and South Africa, also in Brasilia.

Source: Xinhua
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