SCO, BRIC summits to focus on global financial crisis: Russian analysts

MOSCOW, May 28 (Xinhua) -- The summits of the Shanghai Cooperation
Organization (SCO) and the BRIC countries (Brazil, Russia, India and China)
scheduled for next month in Russia will provide the participants with a platform
to discuss measures to tackle the global financial crisis, Russian analysts said
on Wednesday.

The SCO member states should further enhance coordination in working out
policies and measures amid the global economic downturn, Mihail Delyagin,
director of the Russian Institute for Globalization Problems, told Xinhua.

Russia, among other countries, proposed the creation of new international
reserve currencies during the G20 summit in London in early April, Delyagin
said.

The sides could discuss the proposal within a bilateral or multilateral
framework at the upcoming summit, which will also be conducive to preparation
for the next G20 summit, said the expert.

Discussion about the merits and flaws of the measures adopted to deal with
the financial crisis should be given priority at the BRIC summit, said Igor
Nikolayev, director of FBK Strategic Analysis Department.

The BRIC countries have many topics to talk about against the trend towards
world multipolarizaiton, Nikolayev said.

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