Argentine President Alberto Fernández met with the head of the New Development Bank (NDB), Dilma Rousseff, to advance the South American country s accession to the BRICS financial institution.
Shanghai, China, Apr 13 (EFE).- Brazilian President Luiz Inacio Lula da Silva attended the investiture of his political ally Dilma Rousseff as the new head of the New Development Bank (NBD), an initiative of Brazil, Russia, India, China and South Africa. Rousseff served as Lula’s successor in office between 2011 and 2016, after his first …
In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World
The BRICS Bank is a young institution compared to the World Bank, but it has considerable financial resources and will need to be innovative in providing assistance that does not lead to endemic debt. Whether the new BRICS Think Tank Network for Finance will be able to break with the IMF’s orthodoxy is yet to be seen.
By Vijay Prashad In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for .