Emerging nations China, India, Brazil and Russia are increasing their weight at global forums – pushing to have their voice heard and access more financial resources for their stalling economies. From standing firm against farm subsidies at the WTO last year, emerging nations are now demanding more in economic aid and representation from developed nations.

In a joint statement, the four nations prior to the G20 summit this weekend, said that they see private investment evaporating this and next year and that “it is imperative that multilateral financial institutions should expand their lending to offset the massive decline.” In response to the request, G20 finance chiefs agreed to increase the Asian Development Banks capital by 200 percent or US$100 billion. While the IMF hasn’t made an official statement on their capital increase yet, it is expected that they will double their reserves to US$500 billion to aid countries hit by a halt to credit and investment.

Existing resources for the International Monetrary Fund are “clearly inadequate and should be significantly increased” the emerging four said, asking the IMF to speed up efforts to raise up to US$11 billion by selling 400 tons of gold, the International Herald Tribune reported. The four emerging nations also asked for the IMF and World Bank to implement economic policies that were “more balanced, proactive, coordinated and counter cyclical” to promote global economic recovery.

International leaders however believe that emerging nations already have their foot in the door of global decision making. Besides being an integral part of the WTO and WEF they are also part of the exclusive clubs that discuss global financial oversight — the Financial Stability Forum and the Basel Committee on Banking Supervision.