Dilma Rousseff took over the presidency of the BRICS Bank

Former Brazilian President Dilma Rousseff (2011-2016) assumed the presidency of the Republic New Development Bank (NDB), Entity for the Development and Promotion of BRICS (the forum consisting of Brazil, Russia, India, China and South Africa). She is the first woman to hold this position, and with this appointment, the former president was dismissed in 2016 after a parliamentary coup, and returned to the front lines of the executive power and An unprecedented political position in front of the body, which has become a financing alternative for emerging countries. “Her Excellency Dilma Rousseff, who was recently elected President of NDB Bank, started her first day in her position at the bank’s headquarters in Shanghai, China,” the entity reported on social media.

The famous BRICS Bank is headquartered in the financial capital of the Asian giant, where it will live until the end of its term in July 2025, which has not held public or private positions since its dismissal in an irregular impeachment suit. The trial in which he was accused of mismanaging the national public accounts – in the so-called “fiscal pedal”, an operation that practically all presidents of democracy – carried out. This situation led to one of the worst political crises in Brazilian history, as his deputy, Michel Temer, came to power. And it paved the way for the arrival of Jair Bolsonaro as a political leader.

Rousseff is an economist and energy specialistHe was Minister of Mines and Energy And Foreman During the first two terms of the current term of Luiz Inacio Lula da Silva, in his first two terms (2003-2010). In 2013, as president, she became one of the founders of the NDB and now, she has the support of all countries to replace Bolsonaro Marcos Troyjo, who in recent months has moved to Rio de Janeiro with a salary of nearly $50,000 per month.

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Last Friday she was Brazil’s first female president appointed unanimously He serves on the Board of Governors of National Bank of Dubai, a bank dedicated to financing infrastructure in the BRICS countries and its partners. Lula’s decision was based, among other points, on the fact that in recent years the former president had devoted herself to the study of development in emerging countries.

The former chairman of the Workers’ Party has studied socialism with Chinese characteristics and participated in many events on the subject. Rousseff was going to be part of the Brazilian entourage that was to travel this week with Lula for the state visit, but ultimately did so individually because the president canceled the tour due to pneumonia.

Meanwhile, his arrival is not a secondary fact for the Argentines: A few weeks ago, President Alberto Fernandez officially asked his Chinese counterpart to join the BRICS group, in charge of the interim presidency. The entry demand coincided with a moment when the organization was trying to break out of a looser scheme to achieve higher levels of enterprise. This scenario leaves Alberto with many uncertainties about how long the process will take and what standards can be reached or maintained once he becomes a member.

With information from Telam

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