BRICS aim to finish development bank preparations by July summit

http://in.reuters.com/article/2014/04/10/g20-economy-brics-idINDEEA390GA20140410

Some officials from the Group of 20 advanced and emerging economies have suggested moving ahead on the reforms without the United States, although U.S. approval would be necessary for any major decision to go forward because of Washington's controlling share of IMF votes.