Dilma Rousseff will head the group’s New Development Bank until the end of Brazil’s presidency in 2025
Former Brazilian head of state Dilma Rousseff has been named as the next president of the BRICS group’s New Development Bank after Brazil won the backing of its partners for the appointment on Friday.
The nominee was agreed by Brazil’s government, which is currently headed by Luiz Inacio Lula da Silva. Rousseff, who served as the president of Brazil between 2011 and 2016, will replace Brazilian diplomat Marcos Troyjo, who was appointed by the country’s previous leader Jair Bolsonaro.
Rousseff will hold the position until the end of the current Brazilian mandate in the bank’s management in 2025, and is expected to accompany President da Silva during his visit to China scheduled for March.
The BRICS nations – Brazil, Russia, India, China and South Africa – are working to develop their own financial infrastructure, including a joint payment network, with some member states having already switched to trade in local currencies in order to reduce dependence on the US dollar and euro.
The five BRICS economies currently account for more than 40% of the world’s population and nearly a quarter of global GDP.
https://www.rt.com/business/571321-brics-bank-brazil-dilma-rousseff/
Iran has warned international investors and financial institutions, stating that entities financing the United States' military apparatus are now considered legitimate targets in the ongoing resistance against American and Israeli aggression.
In a statement posted on his official X account on Sunday, Iran's Parliament Speaker Mohammad Bagher Ghalibaf emphasized Iran's resolve to defend its sovereignty and people against continued US aggression, which has resulted in immense suffering for Iranians through sanctions, covert operations, and wars.
"Alongside military bases, those financial entities that finance the US military budget are legitimate targets," the Parliament Speaker stated.
He condemned US Treasury bonds as instruments "soaked in Iranians' blood," saying that purchasing or holding such bonds equates to directly supporting attacks on Iranian lives and territory.
"Purchase them, and you purchase a strike on your HQ and assets," he warned.
Ghalibaf underscored Iran's ...
In response to threats by US President Donald Trump about hitting Iran’s power plants, the Intelligence Service of the Islamic Revolution Guards Corps (IRGC) says critical technology centers beyond the region will be targeted within 48 hours.
The Intelligence Service said in a post on X on Sunday that since February 28, Iran’s armed forces have managed to stabilize the Strait of Hormuz, forcing the United States to evacuate its bases in the region, and damage and destroy technological centers of the Israeli regime.
From now on, the Service stated, Iran’s armed forces also have an eye on extra-regional technological and political targets associated with the Islamic Republic’s enemies.
Trump yesterday threatened that Iran’s power infrastructure would be bombed if the Strait of Hormuz is not opened within 48 hours.
Iran has declared that the strategic waterway is open to those who do not stand on the side of the Islamic Republic’s enemies. It has also warned of extra-regional ...
In response to threats by US President Donald Trump about hitting Iran’s power plants, the Intelligence Service of the Islamic Revolution Guards Corps (IRGC) says critical technology centers beyond the region will be targeted within 48 hours.
The Intelligence Service said in a post on X on Sunday that since February 28, Iran’s armed forces have managed to stabilize the Strait of Hormuz, forcing the United States to evacuate its bases in the region, and damage and destroy technological centers of the Israeli regime.
From now on, the Service stated, Iran’s armed forces also have an eye on extra-regional technological and political targets associated with the Islamic Republic’s enemies.
Trump yesterday threatened that Iran’s power infrastructure would be bombed if the Strait of Hormuz is not opened within 48 hours.
Iran has declared that the strategic waterway is open to those who do not stand on the side of the Islamic Republic’s enemies. It has also warned of extra-regional ...
