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BRICS Consolidates the NDB as the Global South’s Bank and Extends Dilma Rousseff’s Leadership to 2030

BRICS consolida NDB como o banco do Sul Global e reforça liderança de Dilma Rousseff até 2030
Countries
BrazilChinaIndiaRussiaSouth Africa
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentSustainable Development

Source: Brasil 247 | Original Published At: 2026-05-13 19:38:37 UTC

Key Points

  • The New Development Bank (NDB), created by BRICS, is presented as a key financing institution for the Global South, focused on infrastructure and sustainable development.
  • Dilma Rousseff was unanimously reappointed by the NDB Board of Governors on March 19, 2025, for a term running from July 2025 to July 2030.
  • By the end of Q1 2026, the NDB had approved 140 projects totaling US$42.9 billion.
  • In 2025, the bank approved a record 19 projects worth US$3.2 billion, with 46% financed in local currencies.
  • The NDB expanded non-dollar operations, including yuan-denominated financing for Brazilian infrastructure and its first private financing in Indian rupees.
  • The article links BRICS expansion and multipolar governance goals to the NDB’s growing institutional and financial influence.
  • The NDB is preparing its 2027–2031 strategy, prioritizing sustainable growth, social inclusion, green infrastructure, technology cooperation, and Global South integration.
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