What Will the Changing of the Guard at the BRICS New Development Bank Bring?

The big question many interested parties are asking, is: Who is going to replace Dilma Rousseff as president of the NDB at the end of her term in 2025? The job will go to a Russian, but the crucial question is whether it will be someone from the liberal camp linked to Russian Central Bank Governor Elvira Nabiullina (who reportedly want the NDB to stay as a dollar-denominated institution, which would at most apply some “pressure” on the IMF), or someone favoring turning the NDB into a far larger Hamiltonian institution, generating new waves of credit in some combination of national currencies or a new currency, free from the dollar’s $2.1 quadrillion speculative bubble.