BEIJING, April 13 – Brazilian Dilma Rousseff has assumed the presidency of the New Development Bank, which is based in the Chinese municipality of Shanghai and which was established by the BRICS group to finance projects in various sectors.
The ceremony was attended by representatives of the members of the bloc (Brazil, Russia, China, India and South Africa) and as a special guest was the president of the South American giant, Luiz Inácio Lula da Silva, who arrived last night in that city to begin an official visit.
After receiving the authorization, Rousseff outlined the financial institution’s future expectations, indicated goals and endorsed a commitment to support programs for the sustainable progress and infrastructure of its members and other developing countries.
He considered it necessary to expand the bank’s influence, and called for expanding cooperation with other entities on the planet and finding more innovative initiatives capable of meeting financing needs.
Among other issues, he highlighted the importance of BRICS countries as an emerging power, which has the ability to promote a prosperous, fairer and more equitable growth model in the world, and jointly address global challenges.
On March 24, the Bank’s governors unanimously elected Rousseff to head the entity, and as part of her role, she will lead the task force and regular activities.
China expressed satisfaction and anticipation of future achievements under Brazil’s mandate, after highlighting her career as a former eminent figure for her country (2011-2016) and economist, dedicated for years to global progress.
“We believe that through your wise and professional leadership, and thanks to the concerted efforts of all member states, the New Development Bank will achieve great achievements (…) and will contribute more to the development and prosperity of emerging economies.” Ministry recently reported.
The bank was established in 2015 by BRICS group partners with the aim of making it an entity with global reach, mobilizing resources for infrastructure work and promoting sustainable development.
During its early years it focused on growth and later on had Bangladesh, Egypt, the United Arab Emirates and Uruguay as new members.
Since its inception, it has approved 80 projects worth about $30 billion and in sectors such as transportation, water and sanitation, clean energy, digital infrastructure and urban development.
“Award-winning alcohol trailblazer. Hipster-friendly internetaholic. Twitter ninja. Infuriatingly humble beer lover. Pop culture nerd.”