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Monday, June 5, 2023
BRICS Bank to Vote on Argentina’s Membership
Brazil is backing Argentina’s entry into the bank, its head Dilma Rousseff said
Brazil President Luiz Inácio Lula da Silva said he’s actively working to help Argentina overcome its financial crisis after meetings with its president, Alberto Fernandez, in Brasilia
The New Development Bank (NDB), an institution established by the BRICS group of major emerging economies, is reportedly in discussions with Saudi Arabia regarding its potential membership as the tenth member of the bank
Bank starts road to redemption with capital markets return
According to Mauro Vieira, Brazil notes "the gradual and balanced process of the expansion of the NDB, which admitted three new members (Egypt, the United Arab Emirates, and Bangladesh) in 2021
Another major financial institution is ditching the US Dollar in what comes as yet another major blow to Washington. According to recent reports, the New Development Bank (NDB) of BRICS nations will offer loans in the local currencies of member states
Ambassador Sabino Vaca Narvaja held meetings with BRICS Bank President Dilma Rousseff and Foreign Minister Qin Gang in Shanghai