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Former Brazilian President Appointed Governor of New Bank for Loans to Five Emerging “BRICS” Countries | NHK | China

Headquartered in Shanghai, China, the BRICS development bank “New Development Bank” is invested by five emerging countries: Brazil, China, India, Russia and South Africa, and provides funding for infrastructure development in these five countries.

On the 24th, the New Development Bank announced that former President Rousseff of Brazil was unanimously elected as the new president by the Board of Directors, and Mr. Rousseff is the new president.

Rousseff was elected president of Brazil, stating, “In addition to stabilizing the economy and creating jobs, she worked actively to eradicate poverty. Internationally, she promoted multilateralism and sustainable development.”

The president of the New Development Bank is due to be a Brazilian for five years until July 2025, and Brazilian President Lula, who took office in January this year, is a former diplomat appointed by the former President Bolsonaro. The former president called for his replacement.

Rousseff became Brazil’s first female president in 2011 and was re-elected in 2014. The appointment of the president is divided in Brazil.