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/
My (Rasheed's) thoughts: instead of condemnations, show your outrage by striking back harder than they struck!
The civilian facility in Lebanon operated by a local partner was attacked without provocation, a Russian agency has said.
Moscow has accused Israel of an “unprovoked act of aggression” after Israeli forces struck a Russian cultural center in Lebanon.
The attack on the facility in the southern city of Nabatieh was reported on Sunday by its director, Asaad Diya, who said the building was empty at the time. Rossotrudnichestvo, Russia’s international humanitarian cooperation agency, which has an official office in Beirut, said its staff remain in contact with Lebanese partners and are actively providing relief to civilians affected by the hostilities.
Israel renewed airstrikes and ground operations in Lebanon earlier this month, targeting the militant movement Hezbollah, after joining the US in a regime-change war against Iran.
Rossotrudnichestvo stressed that the ...
