Former Brazilian President Dilma Rousseff has been elected Friday to head the New Development Bank (NDB), also known as the BRICS Bank to replace Marcos Troyjo, who had held the post since July 2020.

The bank will be set up with an initial investment of 50 billion dollars, with the five BRICS putting in 10 billion dollars each. The reserve fund, meanwhile, will initially contain 100bn dollars.

TASS/. Brazilian authorities have unveiled the new BRICS logo that will be used during the country's 2025 chairmanship. The emblem is based on the kapok tree growing in the Amazon, painted in the ...

Ex-Brazil President Rousseff hospitalized in Shanghai, Brazilian media reports Former Brazilian President Dilma Rousseff, now the head of the BRICS bloc's development bank, has been hospitalized ...