Brasília – The Brazilian Minister of Finance, Fernando Haddad (pictured above), discussed this Tuesday (30) in a meeting with governors of the New Development Bank (NDB), also known as the “BRICS Bank,” topics such as the inclusion of new members in the group and investment strategies for ecological transition.
The former president of Brazil, Dilma Rousseff, is ahead of the bank of the economic bloc formed by Brazil, Russia, India, China, and South Africa. The panel with the bank’s governors, in which Haddad participated over the Internet this Tuesday, is part of the 8th Annual Meeting of the NDB, which takes place in Shanghai from May 30 to 31.
“The governors presented their considerations on the bank’s agenda,” said Haddad. “There were talks on the need to expand funds; inclusion of new members; and the aim to focus investments on strategic issues, particularly investments in the so-called Global South, concerning the issue of ecological transition,” added the minister.
The NDB already has new members, in addition to the BRICS nations, including two Arab countries, the United Arab Emirates and Egypt. Negotiations are underway for the entry into the financial institution of other members. Rousseff said at the opening of the institution’s meeting in Shanghai the bank could expand its number of participants and include “many other countries,” according to information disclosed to Brazilian media outlets.
As announced on the NDB website, the annual meeting taking place this week will focus on current and future global development issues and prospects and how the bank can contribute to facilitating a new era of growth momentum among the BRICS and other emerging nations and developing countries, following the institution’s vision of making resources available for infrastructure and sustainable development projects.
Translated by Elúsio Brasileiro
