The leaders said the idea would help BRICS countries forestall short-term liquidity pressures, provide mutual support and further strengthen financial stability.

In the statement, the countries also expressed their common aspiration to improve global economic governing system.

The leaders vowed to reform international financial system to make them more representative and to reflect the "growing weight" of the BRICS and other developing nations, adding that the leadership selection of international financial institutions should be open, transparent and merit-based.

Additionally, the BRICS nations would explore the possibility of strengthening their cooperation between their state-owned firms, and promote the dialogues among the small and medium-sized companies.

They would also consider to expand their cooperation to more sectors including public diplomacy, anti-corruption, drug control, youth exchanges, tourism, energy and sports.

Also in the statement, the leaders of the BRICS countries voiced their opinions on a series of international hotspots including peace in the Middle East, Iranian nuclear issue, and the situation in Syria, Mali, Central African Republic, the Democratic Republic of Congo and Afghanistan.

COOPERATIVE PARTNERSHIP BETWEEN BRICS & AFRICA

Also on Wednesday, the leaders of the BRICS members and some African countries, after the summit, discussed their cooperation at the first BRICS Leaders-Africa Dialogue Forum, which is under the theme "Unlocking Africa's potential: BRICS and Africa cooperation on infrastructure".

While addressing the forum, Chinese President Xi Jinping the dialogue between leaders of BRICS and African countries reflected the political will of both sides to realize equality and inclusiveness and seek common development.

Xi said the Chinese government is willing to form a cooperative partnership for transnational and trans-regional infrastructure, and help the African nations with the consultation, planning, feasibility research and project design of promoting interconnections and resource censor.

He also promised to help Africa to train 300 managing and technical personnel specialized in the field of infrastructure, and encourage Chinese enterprises and financial institutions to participate in the building and operating the infrastructure.

The Chinese leader also reaffirmed China's promise to give zero-tariff treatment to 97 percent of the tariff items of exports to China from the least developed nations having diplomatic ties with China.

Other leaders of the BRICS nations said the BRICS countries would like to forge a cooperative partnership with Africa, and help Africa in constructing its infrastructure.

The African leaders said Africa needs to strengthen its infrastructure, promote integration and industrialization, and lift over-all competitiveness and the capacity for sustainable development.

The African nations are willing to set up with the BRICS members a cooperative partnership that highlights mutual support, mutual benefit and win-win results, said the leaders.