"The BRICS Bank gives the world the certainty that another financial system is possible," says Lula.
The president praised Dilma Rousseff's role at the BRICS bank and defended a financing model focused on recovery, not austerity.
247 - In a statement to the press this Tuesday (8), during the State visit of the Prime Minister of India, Narendra Modi, to Brasília, President Luiz Inácio Lula da Silva (PT) highlighted the strategic role of the New Development Bank (NDB), known as the BRICS Bank. The speech took place after the signing of cooperation agreements between the two countries and was attended by the current president of the NDB, Dilma Rousseff.
According to Lula, the creation of the financial institution represents a concrete alternative to the traditional model of international financing, frequently marked by austerity policies imposed on developing countries. "With joy, I can say that, in addition to the Prime Minister, I am with my dear Dilma Rousseff, who is not here as a former president, but as president of the New Bank of the BRICS," he said.
The Brazilian president highlighted the paradigm shift that the bank represents by proposing fairer conditions for countries seeking loans. "It's a bank that emerged to give the world the certainty that it's possible to have a financial system with financing policies whose main objective isn't austerity against those who request loans, but rather to understand that people shouldn't take out loans to sink countries, but rather to save them," he stated.
Lula's statement reflects the Brazilian government's view that the NDB should consolidate itself as a pillar of global development focused on economic justice, especially in the Global South. By positioning Dilma Rousseff as a protagonist in this process, the president also reaffirms Brazil's commitment to multilateral governance capable of breaking with historical impositions from organizations such as the International Monetary Fund (IMF) and the World Bank.
