Argentina’s ambassador in Beijing, Sabino Vaca Narvaja, is actively organizing on behalf of his country’s entry into the BRICS New Development Bank (NDB), which he discussed in a personal meeting in Shanghai April 21 with Dilma Rousseff, the former Brazilian President and current head of the NDB. Both were attending a conference of international businessmen, financiers and academics on the subject of “world modernization.” Vaca Narvaja also met with Chinese Foreign Minister Qin Gang, Ambito Financiero reported.
Following his private meeting with Rousseff, Vaca Narvaja publicly commented on the importance of the NDB, which he said “was born of the unity of emerging nations with the potential for transforming their economic and social reality and freeing them from traditional financial institutions. And, as President Lula said during his recent trip to China, `why can’t we trade in our own currencies?’ I think that institutions like the NDB will help us think differently and the meeting with Dilma was a great help in this sense.”
In her remarks, Rousseff explained that the NDB’s goals are environmental protection, development and inclusion of society’s poorest sectors. China in the 21st century, she said, opened up a new social and economic process which wasn’t the continuation or development of capitalism, but rather one that adhered to socialist characteristics – public ownership of the basic means of production and financial base, respecting the laws of value and providing the Chinese people a way out of poverty.
