BRICS demand bigger IMF role before giving it cash WASHINGTON (Reuters) - The International Monetary Fund's bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash. Brazilian Finance Minister Guido Mantega laid out the terms for a deal after a meeting with fellow BRICS nations Russia, India, China and South Africa. "We are not ready to set a figure, because there are preconditions that have not been fulfilled by the countries - whether they will comply with the agenda of reforms," he said. Support from China, Russia and Brazil is critical to strengthening the firepower of the IMF. Its managing director, Christine Lagarde, wants at least $400 billion in extra funds to protect countries from any worsening of the euro zone debt crisis. So far, Europe and Japan have pledged $320 billion and the IMF is relying on the BRICS to plug the hole as it seeks to double its war chest. Calling the euro zone the "epicenter of potential risk" for a world economic recovery that is "timid and fragile," Lagarde had said earlier on Thursday she was working on a deal. Lagarde welcomed those funds as a "significant" step toward addressing euro-zone problems but also urged the EU to use that money to directly inject capital into banks. Finance ministers and central bankers from the Group of 20 advanced and emerging economies were holding a dinner on Thursday night, ahead of a longer session on Friday. IMF funding was at the top of the agenda. A source from a major emerging economy said the BRICS were leaning toward contributing, but faced two hurdles. The group both wants more IMF voting power to reflect its growing sway on the world financial stage, and some countries also need to have any agreement approved by their capitols, the source said. In another move that could complicate the funding drive, Canada was pushing to weaken Europe's dominant power on the IMF's 24-member board when votes come up on how to use the new resources. This would give more say to emerging economies. "Given that the major challenge here is a sovereign debt challenge in euro zone countries, and that euro zone countries are asking non euro-zone countries to contribute to resources at the IMF, our view is that there ought to be two votes," said Canadian Finance Minister Jim Flaherty. Lagarde acknowledged in her news conference that giving emerging economies a greater say is a priority and said it was an issue she will raise in one-on-one meetings with IMF member countries. The United States has declined to provide fresh funds for the IMF but on Wednesday it threw its weight behind the effort to raise more capital from other nations. Lagarde also welcomed Europe's efforts in building its own firewall on Thursday. World Bank President Robert Zoellick joined the call for deep and lasting economic reforms to secure the shaky global recovery. "Countries both developing and developed need to focus on structural reforms that will be the drivers of future growth, otherwise the world will keep stumbling along," he said.