IPFS News Link • New World Order
Brazil after new world order in economy
• Press TVLula further underlined that the world leaders should go ahead with regulating the financial markets and putting an end to protectionism.
He called for international financial entities such as the International Monetary Fund (IMF) and the World Bank to be "more representative and democratic" and to give poor and developing countries a due share if they want to overhaul the global financial system.
"Poor and developing countries must increase their share of control in the IMF and the World Bank," he said.
Lula is going to represent his country as an emerging economy at the G20 summit later week in Pittsburg with US President Barack Obama hosting the event.