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Dilma Rousseff Will Continue to Lead the Brics Bank for Another 5 Years! The Former President Received Unanimous Approval and Praises from Vladimir Putin. Amid Advancements with China, Dilma Faces Internal Criticism and Controversies Over a New Currency for the Bloc. The U.S. Is Already Threatening to Tax Brics at 100%!
The former president Dilma Rousseff (PT) was reelected for a new 5-year term at the helm of the New Development Bank (NDB), the Brics Bank.
The confirmation took place on March 23, 2025, during the annual meeting of the China Development Forum in Beijing.
Support for her reelection was unanimous among member countries, and the former president’s term was extended until 2030, despite originally being set to end in July 2025.
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The approval also received strong backing from Russia, with President Vladimir Putin praising Dilma’s work at the financial institution.
Dilma and the Future of the Brics Bank
Dilma Rousseff, since taking over the NDB, has been committed to strengthening the bank and implementing policies aimed at promoting economic development among the Brics member countries.
The former president has stood out by reaffirming her commitment to bilateral projects, such as the trans-oceanic railway between Brazil and China, a crucial initiative to cut export costs and increase competitiveness between the two powers.
Additionally, Dilma emphasized that China, with its remarkable transformation from the “world’s factory” to a global innovation hub, represents an important reference for the other countries in the bloc, including Brazil.
In her speech, Dilma stated that “the development of the global south” is a priority in her administration and cited the capability of Chinese companies, like DeepSeek, to compete globally as an example.
She declared that “it is not easy to lift so many people out of poverty, and I know that in my own country, Brazil, we are doing the same.”
Equally impressive is China’s transformation from the world’s factory to an innovation center, gradually developing into a global leader in science, technology, and innovation.
Russia and Support for Dilma
The relationship among the members of the Brics bloc, especially Brazil and Russia, has been solid over the years, and Dilma Rousseff’s reelection at the head of the NDB was widely supported by Vladimir Putin.
The Russian leader praised Dilma’s work, highlighting the importance of maintaining the institution’s stability, especially at a time when the bloc seeks to expand its role in global finance.
Dilma’s presence at the helm of the NDB also strengthens political and economic relations between Brazil and Russia, as well as reinforcing the bloc’s confidence in Dilma’s policies to promote development.
“We have confidence in Dilma Rousseff’s leadership and believe that her work at the bank will continue to benefit all Brics members,” Putin stated during a ceremony in Beijing.
Internal Criticism and Challenges at the NDB
Despite international support and unanimous approval for Dilma’s reelection, her tenure at the NDB has not been without controversies.
Within the bank, the former president has faced internal criticism, mainly related to her rigid approach to certain administrative matters.
Additionally, she has been the target of accusations of moral harassment by some team members of the institution, which has generated divisions within the organization.
Another point of tension is the internal disagreements over the proposal to create a single currency for the member countries of the Brics bloc.
The idea of reducing dependence on the dollar in trade transactions among the bloc nations is considered a priority by many leaders, including President Luiz Inácio Lula da Silva (PT).
However, the proposal has faced internal resistance, especially regarding the logistical details and the feasibility of implementing a common currency.
The Reaction from the United States and Economic Challenges
The proposal for a single currency for the Brics countries, besides causing internal discussions, has also drawn criticism from economic powers like the United States.
The U.S. government has already made it clear that it considers the idea a threat to the global financial system and stated that if the project is implemented, there will be severe sanctions, including a threat of 100% taxes on transactions between the bloc countries.
Although this measure has caused apprehension, many analysts believe that creating a single currency for Brics is a way to reduce dependence on the dollar, which could allow for greater economic autonomy for member countries.
However, the proposal is not without challenges.
A significant effort will be needed to deal with internal political and economic divergences, as well as to ensure the viability of the new currency in the global market.
The Impact of Dilma’s Reelection on Global Politics
Dilma Rousseff’s reelection as president of the NDB has implications beyond the Brics countries.
The bloc, which includes emerging and developing economies, has grown in influence over the past decades.
Under Dilma’s leadership, the NDB has stood out as an alternative to traditional international banks like the IMF and World Bank, which are often seen as dominated by Western powers.
The proposal for a single currency for the Brics may reflect a broader movement towards a more multipolar global financial system, where developing countries seek greater influence.
The NDB, under Dilma’s leadership, could become a pillar for this transformation, challenging the role of the dollar and promoting alternatives for emerging markets.
For experts, Dilma Rousseff’s reelection for another term at the NDB marks an important moment for the Brics countries and for the former president, who continues to face both support and criticism in her management.
The future of the bank, especially regarding the creation of a single currency, remains a central theme in global political and economic discussions.
Will Dilma manage to overcome the internal and external challenges that arise with her reelection?
How could the creation of a single currency impact the global economy? Share your opinion in the comments and join this discussion!
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