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/
Foreign Minister Abbas Araghchi says Iran will reject any call for a ceasefire in the ongoing war with the United States and Israel, insisting that there must be a permanent end to the aggression.
In an interview with NBC News’ “Meet the Press” on Sunday, Araghchi said that Iran will continue to fight because Israel and the US had already shattered a ceasefire reached to end the 12-day war in June last year.
“And now you want to ask for a ceasefire again? This doesn't work like this… There needs to be a permanent end to the war,” Araghchi said.
“Unless we get to that, I think we need to continue fighting for the sake of our people and our security,” he said.
The comments came in response to NBC moderator Kristin Welker's question about whether Iran would be ready to end the war and return to the negotiating table with the US.
It also came two days after US President Donald Trump said that the only way to end the war would be for Iran to announce “unconditional surrender.”
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