Former Brazilian President Dilma Rousseff named new President of BRICS New Development Bank

Dilma Rousseff previously served as Brazil’s Minister of Mines and Energy and as Minister Chief of Staff during the first two governments of President Luiz Inácio Lula da Silva until 2010. During her presidency, Rousseff focused on creating economic stability and jobs while also implementing social programs to reduce poverty. Her efforts led to Brazil being removed from the UN’s Hunger Map due to successful poverty reduction. Rousseff promoted multilateralism, sustainable development, human rights, and peace on the international stage, while also respecting the sovereignty of all nations. She played an active role in international discussions on climate and environmental protection, culminating in Brazil’s key role in achieving the Paris Agreement. Rousseff also expanded Brazil’s cooperation with other countries in various regions, including the creation of the New Development Bank and the Contingent Reserve Arrangement with BRICS countries in July 2014. As President of NDB, Rousseff’s leadership was instrumental in the success of these initiatives.

Important takeaways for all competitive exams: 

  • New Development Bank (NDB) Founded: 15 July 2014;
  • New Development Bank (NDB) HQ: Shanghai, China.

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Former Brazilian President Dilma Rousseff named new President of BRICS New Development Bank_70.1

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