The IBSA Summit comprising India, Brazil and South Africa will take place in the Brazilian capital of Brasilia today. <br/><br/>The BRIC meet is slated for Friday. The Prime Minister Dr. Manmohan Singh has arrived in Brasilia to attend both the Summits. <br/><br/>Dr. Singh, Brazilian President Lula da Silva and the South African President Jacob Zuma will discuss international pressure to back sanctions against <br/>Iran. <br/><br/>Iran's nuclear issue and the controversy surrounding will also be discussed under the BRIC format which will be attended by Dr. Manmohan Singh, Russian President Dmitry Medvedev, Chinese President Hu Jintao and Brazilian President Lula da Silva. <br/><br/>The leaders will review the current scenario of global economy, reforms in the international financial institutions like IMF and World Bank, climate change, terrorism and also discuss modalities for commercial and economic cooperation among the members. <br/><br/>The top Brazilian official organizing the summit Roberto Jaguaribe told reporters in Brasilia that the reforms in IMF and World Bank are important in order to give greater prominence to emerging powers. <br/><br/>The Prime Minister is scheduled to have bilateral meetings with Chinese and Brazilian and Russian Presidents during the next two days. <br/>