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/
A fresh wave of Iranian retaliatory strikes has crippled a major US air base in Bahrain, with strikes destroying command centers as Iranian forces continue launching firm response to the US-Israeli aggression.
"Ten key and strategic command points and equipment complexes of the American terrorist forces at the 'Sheikh Isa Air Base' in Bahrain were heavily hit by Iranian projectiles," The Islamic Revolution Guards Corps (IRGC) said in a statement on the 15th wave of operation "True Promise 4".
The targets destroyed included the air control command center of the American terrorist forces, aircraft fuel depots, and the building housing high-ranking American commanders, according to the statement.
Earlier in the day the IRGC announced that its naval forces launched a large-scale drone and missile operation on the US air base in the Sheikh Isa area of Bahrain early this morning .......more below
...
The Islamic Revolution Guards Corps (IRGC) has announced execution of the 16th wave of its underway Operation True Promise 4 against renewed Israeli-American aggression towards the Islamic Republic.
In a statement issued in late Tuesday, the Corps noted that it had struck the "heart and the northern parts of the occupied territories" with "effective" missile and drone operations conducted by its Aerospace Division.
It cited some of the targets as the general staff of the Israeli regime's army and its ministry of war in Hakiriya, the strategic infrastructures lying in Bnei Brak, military targets stationed in Beit Hakfa, northeast of Tel Aviv, and the military center in Western Galilee.
According to intelligence sources and field monitoring, enemy military casualties have increased to more than 680 killed and wounded by the fourth day of the reprisal, the Corps stated.
The statement pointed to "operational weakness, technical gaps, and the reduced computational capability in the multi-layer defense ...
The Iranian army has reported that its air defense systems successfully destroyed six advanced enemy drones over the last 24 hours as they were flying over the Iranian territory.
In a communique issued on Tuesday, the army stated that the drones were intercepted and shot down by the integrated systems of the Khatam al-Anbiya Air Defense Base.
It further specified that six advanced “Hermes” drones were targeted and destroyed across various regions, including Isfahan, Qasr-e Shirin, Tabriz, Khuzestan province, and the greater Tehran area.
Since the beginning of the war on Saturday, a total of 35 advanced hostile drones have been intercepted and downed, the army reported.
These operations were executed by ground-based air defense units, fighter jets from the Air Force, and units of the Islamic Revolution Guard Corps (IRGC), all operating under the country’s integrated air defense network.
Iran’s military has been conducting sustained retaliatory attacks against the American ...
