The world's five largest emerging economies are calling for reforms to the global financial system to make it more diverse and guard against instability.
Brazil, Russia, India, China and South Africa have been meeting in Beijing.
Ever since the global financial crisis the influence of the countries, particularly China, has grown, the BBC reports.
In a joint statement they said the governing structure of international financial institutions needed to reflect changes to the world's economy.
Currently, the five countries are driving the global economic recovery and they believe by speaking with one voice they can further their mutual interests.
The leaders at the meeting called for Russia's speedy entry to the World Trade Organisation and for the International Monetary Fund to expand its use of Special Drawing Rights, which are used as a quasi currency to transfer funds between member governments.
They also called for a broad-based international reserve currency system "providing stability and certainty".