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The finance chiefs also discussed the key points incorporated in the Leaders Declaration that will be unveiled at the end of the 2-day summit in Russia.
China is adding cash to the financial system to keep borrowing costs from climbing as banks hoard funds to meet quarter-end regulatory requirements.
Lending from existing global multilateral lenders like the World Bank and the IMF comes with “too many strings attached”, Zuma said.
Negotiators are grappling with Iran's demand that an international arms embargo be lifted once a final deal is signed.
Greek Premier Tsipras has said his government is ready to return immediately to negotiations.
China’s policy makers are seeking to boost the currency’s convertibility and global use.
The EU and the US are also in the midst of long-drawn out negotiations on the Trans-Atlantic Trade and Investment Partnership or TTIP.
The redistribution of power is only going to tilt further in favor of the BRICS economies, writes an Indian policy analyst.
SCO leaders will meet the heads of state from the five BRICS countries in Ufa this week.
