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Dilma Rousseff: Lula makes all the difference for strengthening BRICS and the NDB

Dilma Rousseff: “Lula faz toda a diferença para o fortalecimento do BRICS e do NDB”
Countries
BrazilChinaIndia
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentSustainable Development

Source: Brasil 247 | Original Published At: 2026-10-10 20:01:09 UTC

Key Points

  • Dilma Rousseff said President Lula's leadership strengthens BRICS and the New Development Bank by supporting demand-driven projects that respect national sovereignty.
  • She said the NDB has approved about 23.95 billion Brazilian reais for Brazil since March 2023, covering public and private operations.
  • The bank's operations include financing for sanitation, urban mobility, sustainable infrastructure, energy transmission, renewable energy and a partnership with Brazil's BNDES.
  • Dilma said the NDB has diversified funding and become the largest private issuer of Panda bonds outside mainland China.
  • She highlighted the creation of the first Smart Hospital of Brazil's public health system, using AI, robotic surgery and partnerships with Chinese and Indian institutions.
  • The NDB president said the bank promotes local-currency operations to reduce dependence on a single reserve currency and address currency mismatches in developing countries.
  • She said the NDB is expanding beyond its original five founding members and aims to reach about 20 member countries by mid-2027, with a new BRICS Innovation Portal as a strategic pillar.
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