The Shanghai-based New Development Bank (NDB) will grant funding worth R$ 5.7 billion (US$ 1.1 billion) to rebuild the Brazilian State of Rio Grande do Sul still grappling to recover from the unprecedented storms since April 29, Agencia Brasil reported Tuesday. The NDB, also known as the BRICS Bank, will release the money through a partnership with the Banco do Brasil (BB), the National Bank for Economic and Social Development (Banco Nacional de Desenvolvimento Econômico e Social - BNDES), and the Regional Development Bank of the Far South (Banco Regional de Desenvolvimento do Extremo Sul - BRDE).
The governor of the Argentine province of Buenos Aires Axel Kicillof Thursday held a video conference with BRICS bank chairwoman and former Brazilian President Dilma Rousseff to strengthen collaboration ties and discuss investment opportunities for the country's largest territory, according to a statement from the Peronist/Kirchnerite leader's office.
During her six-day visit to China, Honduran President Xiomara Castro formally asked BRICS' New Development Bank (NBD) Chairwoman Dilma Rousseff for the Central American country to join the entity, it was reported in Shanghai. A technical delegation of the Honduran government will travel in the coming days to initiate the process.
The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Argentina's Economy Minister Sergio Massa currently in China with a numerous delegation in search of money for an almost depleted Central Bank
Venezuelan President Nicolás Maduro, who often canceled his appearances at the last minute, arrived Sunday in Brasilia for Tuesday's South American Summit hosted by Brazilian President Luiz Inácio Lula da Silva. The last time Maduro visited the continent's largest country was in 2015 for the presidential inauguration of former President Dilma Rousseff.
Brazilian President Lula da Silva on Thursday in Shanghai visited the headquarters of the BRICS New Development Bank (NDB) and Huawei's technology development center. At the NDB, Lula met with NDB President Dilma Rousseff, and delivered a speech to the staff. It was the first time that a head of state had paid a visit to the bank.
Former Brazilian President Dilma Rousseff was “unanimously” elected as the head of the New Development Bank (NDB), a multilateral financial institution set up by the BRICS (Brazil, Russia, India, China, and South Africa) countries. Rousseff, 75, succeeds her fellow Brazilian Marcos Troyjo, at the Shanghai-headquartered bank.
Former Brazilian President Dilma Rousseff has been elected Friday to head the New Development Bank (NDB), also known as the BRICS Bank to replace Marcos Troyjo, who had held the post since July 2020. Rousseff will remain at the helm of the Shanghai-based financial institution until the end of Brazil's mandate in July 2025. Each BRICS country (Brazil, Russia, India, China, and South Africa) chairs the bank for rotating five-year terms. She will take office later next week during President Luiz Inácio Lula Da Silva's visit.
Brazil's President-elect Luiz Inacio Lula Da Silva is expected to announce some of the names that will make up his cabinet once he takes office on Jan. 1 on Friday just before the quarterfinal football match between the South American country's national team and that of Croatia at the Qatar 2022 World Cup.
Brazilian former Presidents Luiz Inácio Lula Da Silva (PT), Dilma Rousseff (PT), Michel Temer (MDB), and José Sarney (MDB) Tuesday sat opposite the incumbent Jair Bolsonaro and the members of the Supreme Federal Court as Alexandre De Moraes was sworn in Tuesday as the Superior Electoral Court's new Chief Justice.