Brazil's former president will head the BRICS New Development Bank until 2025
Former Brazilian President Dilma Rousseff, Brazil's first female president in history, will take over as head of the New Development Bank of BRICS. She led the country from 2011 to 2016, as reported by Toda Palavra, a partner of TV BRICS.
Rousseff will be president of the BRICS New Development Bank until 2025.
She is expected to become the bank's head when President Luiz Inacio Lula da Silva wil visit China in March, according to media reports. Dilma Rousseff is expected to live in Shanghai, where the BRICS NDB head office is located.
The New Development Bank was established in 2014, during the sixth BRICS summit held in Brazil's Fortaleza, the capital of the state of Ceara. Former Brazilian President Dilma Rousseff, Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, Chinese President Xi Jinping and current at that time South African President Jacob Zuma, signed a document creating the bank. Its activities began in 2015.
Photo: flickr.com
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![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
