LONDON, September 4 (RIA Novosti) - Finance ministers comprising the BRIC union - Brazil, Russia, India and China - urged the international community on Friday not to curb anti-crisis strategies amid the unstable global economic situation.
The BRIC ministerial meeting was held on the sidelines of a meeting of G20 finance ministers to consider an exit strategy from the ongoing global economic crisis and to take a joint stance on reform plans for the International Monetary Fund (IMF).
"Despite the positive signs, it is too early to declare an end to the crisis," the BRIC finance ministers said in a joint statement.
They warned of substantial risks for the global economic and financial stability, and urged G20 countries to take fiscal and monetary measures to resist such potential risks.
World leaders will gather for a G20 summit in Pittsburgh on September 24-25.
The four finance ministers also called for a shift in quotas in favor of emerging markets to 7% in the IMF and 6% in the World Bank.
The Russian finance minister described the meeting as "very important."
"Our countries have similar economies, and Russia suffered more than the other BRIC countries from the global crisis and GDP decrease," Alexei Kudrin said.
He said Russia's GDP would decrease by 8.5% in 2009, but was forecast to grow 1.6% next year, with budget deficit expected to fall to some 7% of GDP.
Kudrin also pledged Russia would maintain and run a large number of anti-crisis measures in 2010.
