BRICS set to bolster financial cooperation

Tangible endeavors are helping to jump-start the emerging economies

The BRICS countries are expected to reach consensus on financial inclusion, green growth, coordination of international tax affairs and commitment to free trade as they gather in an annual summit to explore novel financial cooperation measures, a senior Chinese official said.

A number of tangible projects, from issuance of development loans to public-private partnerships, are being carried out as the bloc of emerging markets enhances macroeconomic policy coordination, said Vice-Minister of Finance Shi Yaobin on Sunday.