The Bank is headquartered in Shanghai Brics, a Chinese city where it will have until the end of its term in July 2025.
The former Brazilian president Dilma Rousseff was unanimously elected this Friday as the new head of the New Development Bank (NDB), the development and promotion entity of Brics (a market organized by Brazil, Russia, India, China and South Africa), which with this appeal acquires an unprecedented political stature as a financing another for emerging countries.
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The Brics Bank is headquartered in Shanghai, in the Chinese city where former president Rousseff will live until the end of her term in July 2025, who has not held any public or private office since she was overthrown in a political trial in 2016, in one of the the worst political crisis in the history of Brazil.
Rousseff was one of the founders of the NDB during his tenure as the financial and support of all countries to replace Bolsonaro Marcos Troyjo, who in recent months moved to Rio de Janeiro with a salary of almost $50,000 a month.
“The NDB Board of Governors has unanimously elected Her Excellency Dilma Vana Rousseff as president of the bank, effective immediately,” says an official statement from the financial institution.
Said president Luiz Inácio Lula da Silva decided, also taking into account that the president has dedicated himself in recent years to research and development in emerging countries.
The leader of the Workers’ Party (PT) studied socialism with Chinese characteristics and participated in various events on this subject.
Rousseff made plans on Sunday with Lula’s company to travel to China, which he managed to make after Monday’s state visit to the Asian country, Brazil’s main trading partner since 2009.