By The Rio Times | Created at 2025-03-24 09:12:35 | Updated at 2025-04-04 21:42:53
1 week ago
Dilma Rousseff announced her re-election as president of the Novo Banco de Desenvolvimento (NDB) on March 23, 2025, during the China Development Forum in Beijing.
She leads the BRICS Bank, serving Brazil, Russia, India, China, and South Africa, for another five years. The unanimous decision extends her term beyond July 6, 2025, reflecting trust in her leadership.
Rousseff, Brazil’s former president, first took the NDB role in 2023, revitalizing its finances after a lending slump. She drives projects worth $33 billion, including Brazil’s Transoceanic Railway, cutting export costs with China.
Her tenure now stretches to 2030, backed notably by Russia’s Vladimir Putin, who praised her work amid global tensions. She champions reducing dollar reliance, pushing local currency use like South Africa’s rand in transactions.
This aligns with BRICS goals to ease financial risks for emerging markets, though a unified currency remains distant. The U.S. threatens 100% tariffs if this progresses, yet Rousseff persists, focusing on practical financing solutions.
Dilma Rousseff Secures Five More Years at BRICS Bank Helm. (Photo Internet reproduction)Rousseff’s Leadership at the NDB
Critics highlight internal NDB struggles under her watch, with staff turnover hitting 15.5% and harassment claims surfacing. She denies these, emphasizing achievements like Brazil’s $5.2 billion in approved projects since 2018.
Meanwhile, she navigates a bank evolving beyond its original five founders, now including Egypt and others. Rousseff’s story ties to her Brazilian presidency, ending in a 2016 impeachment she calls a coup.
Now, she shapes a key institution challenging Western financial dominance, born during her earlier term at the 2014 BRICS Summit. Her re-election signals continuity for a bloc representing 46% of the world’s population.
The NDB’s growth matters to business leaders tracking global economic shifts. Rousseff aims to boost infrastructure and sustainability, leveraging China’s innovation boom as a model. Yet, her leadership balances ambition with the reality of geopolitical friction and internal discord, making her tenure a critical watchpoint.
