NEW DELHI, March 29 (Xinhua) -- The BRICS countries on Thursday demanded a clear and transparent process in choosing the next head of World Bank, and raised concerns over the snail-faced reforms taking place in the International Monetary Fund.
According to a draft statement by leaders of BRICS countries -- Brazil, Russia, India, China and South Africa -- who are attending a one-day summit in New Delhi, the five countries are not bolstering any of the three candidates hoping to replace U.S. official Robert Zoellick as the head of the World Bank.
Instead, BRICS called for a transparent process to select the next World Bank President when the incumbent leaves office this year.
The BRICS countries also sought greater voting rights at the International Monetary Fund, which are yet to be ratified by the United States. The draft declaration also voiced concerns over the slow pace of reforms taking place in the IMF.
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