The New Development Bank (NDB)

Former President of Brazil, Dilma Vana Rousseff, has been elected as the new President of the New Development Bank (NDB), a multilateral financial institution established by Brazil, Russia, India, China, and South Africa (BRICS). Rousseff succeeds Marcus Troyjo in this role. As an economist, she served two consecutive terms as the President of the Federative Republic of Brazil from January 2011 to August 2016. She was the first Brazilian woman to hold the office of the President. Rousseff is known for her focus on economic stability, job creation, poverty reduction, and sustainable development. Also, she played a crucial role in the creation of the New Development Bank.

IMPORTANT POINTS TO REMEMBER

  1. The New Development Bank (formerly known as BRICS bank) was founded by Brazil, Russia, India, China, and South Africa (BRICS).
  2. Its current President is Dilma Vana Rousseff, a former President and economist from Brazil.
  3. Dilma Rousseff was also the first woman President of Brazil.
  4. As President of Brazil, Rousseff advocated for economic stability, job creation, poverty reduction, and sustainable development.
  5. She played a significant role in the establishment of the New Development Bank.