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"We don't have the slightest interest in renouncing" the IMF, Rousseff told reporters in Brasilia.
Leaders of the BRICS met with South American leaders Wednesday at the 6th BRICS Summit in Brasília.
Leaders have discussed possibilities of BRICS investment in infrastructure projects across Latin America.
The two leaders met on the sidelines of the 6th BRICS Summit in Brazil.
The United States is considering imposing unilateral sanctions on Russia over the crisis in Ukraine.
The Chinese President said BRICS need to work to improve economic governance at a global level.
The announcement was made after a plenary meet of the five BRICS heads of state in Fortaleza on Tuesday.
BRICS will launch a new development Bank during the plenary session today.
Chinese President Xi Jinping met his South African counterpart Jacob Zuma on Monday.
The Chinese President’s support to Putin comes in the backdrop of the severe Western sanctions against Russia.