{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Leading emerging nations offer to help support global economy' data-url='/boclips/videos/5c54bed0d8eafeecae13e811' data-video-url='/boclips/videos/5c54bed0d8eafeecae13e811' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nLeading emerging nations offer to help support global economy\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of news conference, reporters in room2. Mid of delegates from Brazil, Russia and India 3. SOUNDBITE (English) Sergei Storchak, Russian Deputy Finance Minister:\"We discussed in terms of cooperation, in terms of mutual work on...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of news conference, reporters in room\u003cbr/\u003e2. Mid of delegates from Brazil, Russia and India \u003cbr/\u003e3. SOUNDBITE (English) Sergei Storchak, Russian Deputy Finance Minister:\u003cbr/\u003e\"We discussed in terms of cooperation, in terms of mutual work on those threats which we are facing. We''re trying to escape using such words as aid, assistance and so on and so forth. We will work on the issue together with the Europeans and together between ourselves. Thank you.\"\u003cbr/\u003e4. Reporters taking notes\u003cbr/\u003e5. Wide of panel of delegates\u003cbr/\u003e6. SOUNDBITE (English) Zhou Xiaochuan, Chinese Central Bank Governor\u003cbr/\u003e\"BRICS countries represent quite a big share of the global economy in today''s crisis period. The internal demand of each economy, I think, is important. So we should find a way to enlarge internal demand in our economy and also enhance cooperation among BRICS countries. We also realise that each country has a different situation, have different challenges.\"\u003cbr/\u003e7. Mid shot of photographer\u003cbr/\u003e8. SOUNDBITE (English) Duvvuri Subbarao, Reserve Bank of India Governor\u003cbr/\u003e\"It''s natural that when rich countries get into problems, the demand for IMF support in terms of quantum of support is bound to be higher than when poorer countries or emerging economies get into problems. So it''s quite possible that IMF resources are stretched and they might need additional support, but there was no discussion in the BRICS meeting today about the IMF''s resource position.\"\u003cbr/\u003e9. Mid shot of Indian delegation at table\u003cbr/\u003e10. SOUNDBITE (English) Duvvuri Subbarao, Reserve Bank of India Governor\u003cbr/\u003e\"The BRIC countries are prepared to support the IMF in augmenting its resources, of course subject to their individual country''s circumstances.\"\u003cbr/\u003e11. Wide shot of conference showing Brazil, Russia, India, China delegation\u003cbr/\u003e12. SOUNDBITE (English) Duvvuri Subbarao, Reserve Bank of India Governor\u003cbr/\u003e\"We represent a group of countries where there is an enormous amount of demand for resources at home for poverty reduction, et cetera. So there is going to be a big big tension between giving money to a multilateral institution for the purpose of restoring global stability and meeting our own aspirations at home.\"\u003cbr/\u003e13. Wide shot of conference\u003cbr/\u003e14. SOUNDBITE (English) Duvvuri Subbarao, Reserve Bank of India Governor\u003cbr/\u003e\"We would demand what we''ve always demanded of the IMF which is that it be even-handed, transparent and predictable in its support, whether its an emerging economy or an advanced economy.\"\u003cbr/\u003e15. Pull out from dais, delegates leaving, reporters leaving\u003cbr/\u003eThe finance chiefs of the so-called BRICS  - Brazil, Russia, India, China and South Africa - have said they are ready to act to help stabilise the world economy.\u003cbr/\u003e\"The BRICS are open to consider, if necessary, providing support through the IMF or other international financial institutions in order to address the present challenges to global financial stability, depending on individual country circumstances,\" they said in a joint statement on the sidelines of the annual meeting of the International Monetary Fund (IMF).\u003cbr/\u003eThe BRICS made the vague statement of support in a joint communique issued on Thursday in Washington DC. However, officials did not provide any details on what that support could look like in practice.\u003cbr/\u003eRussian Deputy Finance Minister Sergei Storchak told reporters; \"We discussed in terms of cooperation, in terms of mutual work on those threats which we are facing. We''re trying to escape such words as aid, assistance and so on and so forth.\"\u003cbr/\u003eEmerging markets in general have weathered the financial crisis much better than developed economies.\u003cbr/\u003eStruggling Eurozone countries such as Italy, Spain and Portugal have looked to states like China or Brazil to buy their bonds or invest in local enterprises.\u003cbr/\u003eHowever, so far, commitments to provide support have been vague, with analysts saying that actual investments remained limited.\u003cbr/\u003eDuvvuri Subbarao, Governor of the Reserve Bank of India, said BRICS countries faced enormous demand for face internal pressures for resources, leaving little for institutions like the IMF. \u003cbr/\u003eSubbarao also blamed developed countries for a drain on IMF resources, saying \"It''s natural that when rich countries get into problems, the demand for IMF support in terms of quantum of support is bound to be higher than when poorer countries or emerging economies get into problems.\"\u003cbr/\u003eSubbarao said the BRICS countries would continue to demand accountability and transparency from the IMF in exchange for support.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 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