Dilma keeps going to China to take over the bank, but postpones inauguration ceremony – 03/25/2023 – Market

The new president of the Brics bank, Dilma Rousseff, should continue her trip to China this week even with the cancellation of the official visit of President Luiz Inácio Lula da Silva (PT).

According to the former president’s team, she should leave on Monday (27) and arrive the following day in the Asian country.

Despite this, Dilma must postpone her inauguration ceremony in charge of the NDB (New Development Bank) to the new date of Lula’s passage to China.

The current President of the Republic had scheduled to leave for Beijing this Saturday (25) for an official visit that would include a meeting with the Chinese leader, Xi Jinping, and business meetings. However, he was diagnosed with bacterial and viral bronchopneumonia due to influenza A. At first, boarding was postponed to Sunday (26), but Planalto confirmed this Saturday the cancellation of the trip.

Lula’s trip to China should be rescheduled, but there is still no scheduled date. As shown in the Panel column, the agenda should start in May.

In the original schedule, Lula would go to Shanghai on March 30, the city where the headquarters of the NDB is located. On the occasion, Lula would participate in Dilma’s inauguration ceremony in charge of the institution.

Even with the postponement of the symbolic act, Dilma’s term as president of the NDB began on March 24, when she was elected to the post by the bank’s partners. She replaced Marcos Troyjo, who had been appointed by former Economy Minister Paulo Guedes, still in the Jair Bolsonaro (PL) government.

The cancellation of Lula’s visit to China should have repercussions on the business events organized in the context of the official visit — although the scope of this impact is still uncertain.

Part of the businessmen who would accompany the official delegation are already in or are on their way to China.

The Apex (Brazilian Trade and Investment Promotion Agency), for example, organized the Brazil-China Economic Forum for the 29th. The agency’s president, Jorge Viana, is traveling to China. Interlocutors say that the agenda is maintained, but that the absence of Lula and Minister Fernando Haddad (Finance) may have some impact on the number of participants in this event.