Brazil believes that the World Bank reform concluded in April was "satisfactory" and hopes that the institution should continue reforms in the coming years to provide emerging countries greater parity in voting power.
Brazil believes that the G20 gathering should play a more important role in global affairs and that topics should extend from finance and economy to development, energy, oil policies and others, the sources said.
Russia: Establish a G20 mechanism
Russia is expected to propose the establishment of the G20 mechanism, reform of the international audit system and the establishment of a world environment protection fund.
With regard to preventing future financial risks, Russia is expected to propose two plans at the summit: impose a bank tax and set up a special fund; banks receive government funding in time of difficulty but must pay back the funding as well as fines.
Japan: Play active role in global issues
The G20 summit has now become a forum for developed and developing countries to discuss and jointly address global issues and Japan looks forward to playing an active role in this regard, Japanese officials said recently.
