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The development bank would be based on the needs of the BRICS countries which require about 4.5 trillion U.S. dollars over the next five years for infrastructural development, he said.

The premier said in May that the focus of government work should be shifted to creating a favorable environment for development, providing quality public services and maintaining social equity and justice.

Wang arrived in Cambodian capital at Tuesday night for a two- day official visit to further enhance the bilateral ties and cooperation. Earlier in the day, he paid a courtesy call on Prime Minister Hun Sen and met with Princess Norodom Arun Rasmey, president of the royalist Funcinpec Party.

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.

Maintaining a proactive fiscal policy and prudent monetary policy, and improving efficiency of fiscal funds to support the industrial economy;