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Dilma Rousseff was elected as president of the Bank of the Brics

Dilma Rousseff was elected as president of the Bank of the Brics

The Brics Bank is headquartered in Shanghai, the Chinese city where he will live until the end of his term in July 2025.

Courtesy process.com.mx

The former Brazilian president Dilma Rousseff was unanimously elected this Friday as new head of the New Development Bank (NDB), the entity for the development and promotion of the Brics (the forum made up of Brazil, Russia, India, China and South Africa), which with this designation gains unprecedented political stature as a financing alternative for emerging countries.

The Bank of the Brics is headquartered in Shanghai, Chinese city where former President Rousseff will live until the end of her term in July 2025, who had held no public or private office since she was overthrown in a political trial in 2016, in one of the worst political crises in Brazilian history.

Economist and energy specialist, Rousseff was one of the founders of the NDB during her tenure and had the support of all countries to replace Bolsonaro Marcos Troyjo, who in recent months had moved to Rio de Janeiro with a salary close to 50,000 dollars a month.

“The NDB Board of Governors unanimously elected Her Excellency Dilma Vana Rousseff as president of the bank, effective immediately,” says the official statement from the financial institution.

The appointment was a decision of President Luiz Inácio Lula da Silva, also taking into account that the former president has dedicated herself in recent years to studying development in emerging nations.

The former leader of the Workers’ Party (PT) studied socialism with Chinese characteristics and participated in various events on the subject.

Rousseff plans to travel to China on Sunday with Lula’s entourage, who since Monday has been making a state visit to the Asian country, Brazil’s main trading partner since 2009.

Source: Ambito

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