The finance ministers and central bank governors of Brazil, Russia, India and China — the so-called BRIC countries — gathered in London on Friday

Finance Ministers from Russia, China, Brazil and India Alexey Kudrin, Xie Xuren, Guido Mantega and Pranab Mukherjee (R-L) host a press conference after their meeting in London, capital of the U.K., Sept. 4, 2009. Finance ministers and central bank governors of the BRIC nations, namely Brazil, Russia, India and China, met here on Friday to discuss the situation of the world economy, as well as fiscal and monetary policy responses in BRIC countries, ahead of the G20 finance ministers and central bank governors’ meeting. (Xinhua/Zeng Yi)

The BRIC officials agreed that emerging market economies have shown resilience and helped the world economy absorb the impact of the deterioration of trade, credit flows and demand.

According to a communique, they called for more help to many small middle-income and low-income countries to deal with the economic crisis, reform of international financial institutions, enhancing and consolidating the role of the Group of 20 major developed and developing countries.

VietNamNet/Xinhuanet