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Rousseff: The BRICS Bank’s Strategic Goal ‘Is To Become the Leading Bank for Developing Countries’

On June 10, the new President of the BRICS New Development Bank (NDB), Dilma Rousseff, met with the visiting President of Honduras, Xiomara Castro—who was in China to meet with President Xi Jinping and join the Belt and Road Initiative. According to the NDB website, at the meeting with Castro, Rousseff “reiterated NDB’s commitment to supporting infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, contributing to their development strategies and agendas.”

The statement then emphasizes the scope of what is in store for the NDB: “During the meeting, it was noted that NDB’s strategic goal is to become the leading bank for emerging markets and developing countries, and with the expansion of its membership, NDB aims to bolster its role as a platform for wider collaboration between developing countries.”

Three days later, Rousseff addressed the 10th Arab-China Business Conference

In Riyadh, Saudi Arabia. She began by noting: “The theme of `Collaborating for Prosperity’ appropriately captures the more than two thousand years of commercial and cultural exchanges between China and Arab states. The cooperation along the silk road has witnessed the birth and development of two great civilizations—Chinese and Arab.”

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