India takes leading role in calling for multilateral bank reforms
India has also adopted another two-pronged approach to promote change: Setting up a fund with the UN for developing countries and working with the BRICS on the New Development Bank.
The International Monetary Fund called on Tuesday for European countries to push ahead to reach a compromise on bailout reforms needed to unlock aid to Greece.
The IMF welcomed the Brussels meeting Monday where eurozone ministers said they had made some progress in the months-old dispute, with Greece agreeing to new bailout reforms.
But the IMF, which was a partner with the European Union in the first two Greek bailouts but has not participated in the current third rescue, said it was sending back a mission to Greece but more work was needed.
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"More progress will be needed to bridge differences on other important issues; and it is too early to speculate about the prospect for reaching staff-level agreement during this mission," the IMF said in a brief statement.
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