Dilma is confirmed as the new president of the Brics bank; Term runs until July 2025

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Former President of the Republic was appointed by the Lula government to head a bank that finances projects in the group’s countries. The institution’s headquarters are located in Shanghai, China. Former president Dilma Rousseff in March 2020 REUTERS/Charles Platiau/File Photo Former president Dilma Rousseff was made official in charge of the New Development Bank, also known as the “Brics bank”, this Friday (24). Dilma was appointed by the Lula government to the position. Dilma’s term as president of the Brics bank runs until July 2025. It was up to Brazil to appoint a new head for the bank. Dilma’s name was approved by a committee of the institution after the former president went through a kind of interview with economy ministers from the other member countries of the bloc – South Africa, China, India and Russia. Dilma’s predecessor in office was fellow Brazilian Marcos Troyjo. He is a diplomat and was nominated for the presidency of the Brics bank in 2020 by Jair Bolsonaro. The headquarters of the NDB is located in Shanghai, China. Dilma should travel to the country with Lula in the coming days. The BRICS bank is responsible for financing infrastructure and sustainable development projects in the countries that are part of the institution. Profile Born in Belo Horizonte (MG), Dilma Rousseff is 75 years old and has a degree in economics. During the military dictatorship, she joined underground left-wing organizations, was arrested and tortured. In Rio Grande do Sul, she helped found the Labor Democratic Party (PDT). She joined the PT in 2001. During the Lula administrations, she was Minister of Mines and Energy and Chief of Staff. In this capacity, she assumed the management of the Growth Acceleration Program (PAC), one of the government’s flagships. She was nicknamed by Lula the “mother of the PAC”. In 2010, she was elected president, and in 2014, she was re-elected. In 2016, she was impeached and had her mandate revoked. In 2018, she ran for a Senate seat in Minas Gerais, but was not elected. VIDEOS: All about politics in Brazil

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