Dilma Rousseff will be the new head of the New Development Bank

For the first time since she was ousted after a palace coup, the former president of Brazil, Dilma Rousseff will assume a new institutional position, this time at an international level. She was chosen as the new head of the New Development Bank (NBD), the development bank of the BRICSwhich his country integrates together with Russia, India, China and South Africa.

The designation was announced today and is the product of lengthy negotiations that the president Lula Da Silva It began with its partners to guarantee that this entity has a productivist direction.

Rousseff, who is an economist and was president of Brazil from 2011 until the impeachment against her began in 2016, will assume a mandate that takes immediate effect and will last until 2025as reported.

“On March 24, 2023, the NBD Board of Governors” elected “unanimously” Rousseff “as president of the bank, effective immediately,” the agency said in a statement.

the choice is a strong signal within the group and it was taken just days before the state visit that Lula will make to China, Brazil’s largest trading partner.

The NBD is based in Shanghai, it was created in 2014, when Rousseff was in charge of the Brazilian Presidency; and the outgoing president is also a Brazilian: Marcos Prado Troyjoa former president Jair Bolsonaro’s bishop.

Lula’s move, who took office on January 1, was to remove any possible interference from Bolsonarismo, embodied in Prado Troyjo, hasten his departure and complete the mandate that corresponds to Brazil before a date is set for a new BRICS summit.

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Troyjo had resigned from the position on March 10 and his plan was to join the regional government of San Pablo, headed by Tarcísio Gomes de Freitas, also a Bolsonaro member.

The BRICS development bank is devoted to the financing of infrastructure projects in its five membersbut it also supports developing countries such as Bangladesh, Egypt and Uruguay, admitted as bank partners in 2021.

In its statement, the NDB highlighted Rousseff’s achievements in terms of economic stabilitycombat against poverty and creation of jobsduring his Presidency. she also social policy that she launched when she was a minister in Lula’s first government.

“As a result of one of the longest poverty reduction processes in the country’s history, Brazil was removed from the UN hunger map“added the international bank.

He also highlighted that, during the government alliances made up of the Workers’ Party (PT), Brazil had a leading role “in all international forums for climate and environmental protection”; especially after its “decisive participation in the achievement of the Paris Agreement”.

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