March 24, 2025 – In a symbolic gesture of solidarity, the Brazilian government extended its warmest congratulations to former President Dilma Rousseff on her unanimous reelection as President of the New Development Bank (NDB). This development marks a significant milestone for the bank, which has been instrumental in financing sustainable development projects across member countries.
The NDB, established in 2015, is headquartered in Shanghai and was created during the BRICS Summit in Fortaleza in 2014. With its approval of USD 39 billion for 120 projects, the bank has become a vital source of financing for promoting clean energy, energy efficiency, transport infrastructure, water and sanitation, digital infrastructure, environmental protection, and social infrastructure.
Brazil, as one of the founding members, holds an approximate 19% stake in the NDB’s shares, giving it its largest share in multilateral development banks. This year’s annual meeting of the NDB is expected to be held in Brazil, coinciding with the Brazilian presidency of BRICS. The event will serve as a platform for member countries to discuss pressing global issues and collaborate on sustainable development initiatives.
Under Dilma Rousseff’s leadership, the NDB has consolidated its role as a bank of the Global South, further solidifying its position in promoting sustainable development. As the president takes office for her second term, which will last five years starting from July 7, Brazil looks forward to continuing its commitment to supporting the NDB’s mission and contributing to global growth.
The NDB’s unanimous re-election reflects the growing importance of multilateral institutions in addressing pressing global challenges. As a key player in regional development, Brazil remains committed to working closely with other member countries to drive sustainable growth and reduce inequality.
Contextualizing Brazil’s Position
In the broader international landscape, Brazil’s support for the NDB re-election underscores its commitment to multilateral cooperation and sustainable development. As a BRICS country, Brazil recognizes the importance of working together with other emerging economies to address global challenges and promote regional growth.
With the NDB set to play an increasingly prominent role in financing sustainable development projects, Brazil’s backing of Dilma Rousseff’s re-election serves as a testament to its dedication to promoting global cooperation and addressing pressing development challenges.
The future trajectory of the NDB will undoubtedly be shaped by the leadership of President Rousseff, who has been instrumental in shaping the bank’s mission and priorities. As Brazil continues to play an active role in regional and global development initiatives, it remains committed to working closely with other member countries to drive sustainable growth and reduce inequality.