While participating in BRICS, Malaysia has voiced support for reviewing the IMF and World Bank, alongside views that the UN system is outdated and unfair.
1 report, 1 independent
Updated Sep 14
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What happened
While participating in BRICS, Malaysia has voiced support for reviewing the IMF and World Bank, alongside views that the UN system is outdated and unfair.
Who's involved
What this event is mainly aboutKeep exploring
Part of
BRICS, chaired during its 2026 tenure, demanded greater voice and structural reforms within the IMF and World Bank.Also in this story
- BRICS discussions highlighted the limitations of the bloc due to the Iran conflict and compared the size of its bank to the World Bank.
- BRICS calls for major reforms of Western financial institutions, with India acting as a brake on de-dollarization efforts.
- Narendra Modi, representing the Global South, led discussions advocating for systemic reform of international financial institutions like the World Bank and IMF during the BRICS summit.
- BRICS, along with Ethiopia, called for global financial architecture reform and backed bids to join the World Trade Organization.
The entities involved
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Malaysia
country in Southeast Asia
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
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International Monetary Fund
international financial institution
Related events
- Malaysia pursues prosperity aligned with goals set by the United Nations.
- UOB monitors Bank Negara Malaysia's policy stance as the war in the Middle East impacts Malaysian exports and growth.
- China and Malaysia are major trading partners, with cooperation driven by the China-ASEAN Strategic Partnership.
- Discussions on economic cooperation were held in Malaysia on September 1, 2026.
- Macao seeks to deepen strategic cooperation with Malaysia, positioning itself as a bridge for China-Malaysia ties.