Finance › Speeches › NDB

New Development Bank (BRICS): speeches

14 speeches by the president of the New Development Bank (BRICS) (International) listed between 19 May 2022 and 15 September 2026. Leaders covered: Marcos Troyjo (7 July 2020 – 23 March 2023); Dilma Rousseff (since 24 March 2023). Most frequent topics: development and emerging economies, growth, investment and productivity, trade, fragmentation and geopolitics. The full list is on ndb.int ↗.

Last updated 10 November 2026 · newest first

DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiAddress by NDB President Dilma Rousseff at the 18th BRICS Summit, Open Plenary Session

ContextAddress to heads of state and government at the open plenary session of the 18th BRICS Summit, held under India's BRICS presidency.

Why it mattersThe BRICS bank's head addresses the leaders' summit itself, presenting national-currency finance as the members' answer to sanctions, tariffs and exchange-rate swings.

Problems raised
  1. Wars, sanctions and tariffs disrupt trade and investment.
  2. Debt vulnerabilities and unmet development goals persist.
  3. Exchange-rate volatility hurts investors.
Solutions proposed
  1. Use national currencies to support investment.
  2. Strengthen domestic capital markets.
  3. Share technologies and solutions among members.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiRemarks by President Dilma Rousseff: Launch of the BRICS–NDB Knowledge Portal

ContextRemarks by the New Development Bank President at the launch of the BRICS–NDB Knowledge Portal, an online knowledge-sharing platform.

Why it mattersMarks a shift in the BRICS bank's role from lender to sharer of know-how and technology among developing countries.

Problems raised
  1. Development banks must do more than provide finance.
  2. Knowledge and technology are unevenly shared.
  3. Innovation matters more than ever.
Solutions proposed
  1. Launch the BRICS–NDB Knowledge Portal.
  2. Promote capacity building and technology transfer.
  3. Exchange successful solutions among developing countries.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiSpecial Address by NDB President Dilma Rousseff at BRICS Finance Ministers and Central Bank Governors Meeting Side Event (Seminar on the Role of the NDB in Mobilising Private Capital)

ContextSpecial address at a seminar held alongside the meeting of BRICS finance ministers and central bank governors in India, on mobilising private capital.

Why it mattersLists the tools the bank plans to use to attract private investors into development projects.

Problems raised
  1. Private capital is not mobilised enough for development.
  2. Investors face high risks.
  3. Financing tools are limited.
Solutions proposed
  1. Expand the toolkit with guarantees and risk-sharing.
  2. Offer trade finance, project bonds and equity funds.
  3. Partner with national investment funds.
Read the speech summary

1. A fragmented world needs private capital

Speaking at a BRICS finance side event in India on mobilising private capital, New Development Bank President Dilma Rousseff described a world of imbalances, tariffs, sanctions, high rich-country debt and climate urgency, with development needs in digital, energy, cities and infrastructure too large for any single actor. The aim is to create conditions for long-term institutional and private capital to flow into development; the NDB, a bank of and for the Global South without conditionalities, builds that bridge through better bankability, longer maturities and local-currency and swap solutions.

2. Funding, financing and preparation

On funding, the bank is a large issuer in China's Panda bond market, is growing in South Africa, and plans a rupee bond programme of about 250 billion rupees (2.5 billion dollars) over five years, taking planned India investment to 7.5 billion. On financing, it targets 30% non-sovereign lending now and 35% in 2027-31, with 40-50% in local currency, 45% for climate and 10% for innovation and digital projects, co-financing 20-30% of projects and adding guarantees, risk-sharing, project bonds and equity, backed by stronger credit appraisal. On preparation, it will help build bankable projects and act as a knowledge hub.

3. India and closing

India has about 10.5 billion dollars approved across 35 projects, including anchor investment in the National Investment and Infrastructure Fund and a hybrid renewable energy project. She closed by saying that mobilising private capital is about trust, partnership and delivery.

Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiRemarks by NDB President Dilma Rousseff at the MoU Signing with Narayana Health

ContextRemarks by the New Development Bank President at the signing of a memorandum of understanding with the Indian hospital group Narayana Health.

Why it mattersA small but telling example of the BRICS bank widening its lending to social sectors such as affordable healthcare.

Problems raised
  1. Quality healthcare is unaffordable for many.
  2. Efficiency and excellence rarely coexist in health.
  3. Social inclusion is a development priority.
Solutions proposed
  1. Sign a partnership with Narayana Health.
  2. Promote affordable, efficient hospitals.
  3. Use innovation to serve patients in BRICS countries.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiOpening Remarks by H.E. Mrs. Dilma Rousseff, President of the New Development Bank at NDB 2026 Annual Meeting

ContextOpening remarks at the 2026 Annual Meeting of the New Development Bank, before its Board of Governors and Board of Directors.

Why it mattersFocuses on widening the bank's membership and its role for the Global South.

Problems raised
  1. The global economy faces instability.
  2. The Global South lacks a unified voice.
  3. Development challenges are shared.
Solutions proposed
  1. Expand NDB membership gradually.
  2. Serve as a platform for the Global South.
  3. Promote South-South cooperation.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiOpening Remarks by H.E. Mrs. Dilma Rousseff, President of the New Development Bank at NDB 10th Annual Meeting

ContextOpening remarks at the bank's tenth annual meeting in Rio de Janeiro, before Brazil's President and BRICS finance officials; the New Development Bank funds infrastructure in emerging economies and wants more local-currency lending.

Why it mattersAt its tenth anniversary, the BRICS bank pushes local-currency lending as a way to reduce members' exposure to dollar volatility.

Problems raised
  1. Development banks often impose conditions.
  2. Members are exposed to external volatility.
  3. Domestic capital markets are shallow.
Solutions proposed
  1. Strengthen local currency financing.
  2. Explore bilateral swap arrangements.
  3. Deepen domestic capital markets.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiRemarks by H.E. Mrs. Dilma Rousseff, President of the New Development Bank

ContextOpening of the bank's ninth annual meeting of governors in Cape Town, with South Africa's finance minister; the New Development Bank funds infrastructure in emerging economies and wants to grow its membership.

Why it mattersThe BRICS bank argues that global liquidity should reach developing economies in local currencies.

Problems raised
  1. Developing countries face high interest rates.
  2. International liquidity does not reach them.
  3. Fiscal space to invest is limited.
Solutions proposed
  1. Channel international liquidity to developing economies.
  2. Expand financing in local currencies.
  3. Strengthen the NDB's role for its members.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiSpeech by the NDB President Mrs. Dilma Rousseff, at the Third Belt and Road Forum for International Cooperation, Beijing, China, October 18, 2023

ContextSpeech at the third Belt and Road Forum in Beijing, before China's President and heads of state; the New Development Bank funds infrastructure in emerging economies and seeks cooperation partners.

Why it mattersRousseff seeks local-currency funding to reduce dollar risk for borrowers.

Problems raised
  1. Developing countries need large infrastructure finance.
  2. Securing enough resources is hard.
  3. Dollar funding creates currency risk.
Solutions proposed
  1. Raise funds in local currencies.
  2. Expand the NDB's capital base with new members.
  3. Cooperate with the Belt and Road Initiative.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiSpeech by the President of the NDB, Dilma Rousseff, at the XV BRICS Summit, August 24, 2023

ContextSpeech at the BRICS-Africa outreach of the 15th BRICS Summit in Johannesburg, hosted by South Africa's President; the New Development Bank funds infrastructure in emerging economies and plans to expand.

Why it mattersRousseff aligns the bank's priorities with Africa's Agenda 2063.

Problems raised
  1. Climate crisis, inequality and low growth combine.
  2. Protectionism fractures global value chains.
  3. Sanctions and geopolitics fragment the economy.
Solutions proposed
  1. Align NDB priorities with Africa's Agenda 2063.
  2. Finance projects addressing pressing challenges.
  3. Expand NDB role for developing countries.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiAddress by H.E. Mrs. Dilma Rousseff, President of the New Development Bank, at the 10th Arab-China Business Conference

ContextAddress at the 10th Arab-China Business Conference in Riyadh, hosted by Saudi Arabia's Crown Prince; the New Development Bank funds infrastructure in emerging economies and seeks new members.

Why it mattersRousseff promotes local-currency lending amid volatile global markets.

Problems raised
  1. High inflation and rising interest rates create uncertainty.
  2. Bank failures and recession risks unsettle markets.
  3. Currency and capital markets are volatile.
Solutions proposed
  1. Finance development in local currencies.
  2. Strengthen cooperation among emerging economies.
  3. Expand NDB membership and lending.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiAddress by NDB President, Dilma Rousseff at Opening of the Plenary Session of the 8th Annual Meeting of the NDB

ContextOpening of the plenary of the bank's eighth annual meeting in Shanghai; the New Development Bank funds infrastructure in emerging economies and plans more local-currency lending.

Why it mattersRousseff presents the bank as a cooperative of developing countries open to new members.

Problems raised
  1. The Global South needs more development finance.
  2. Inequality and climate threats are rising.
  3. Existing institutions do not fully serve emerging economies.
Solutions proposed
  1. Expand NDB membership beyond the founders.
  2. Focus on climate, social inclusion and modernisation.
  3. Operate as a cooperative of developing countries.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
DR
· Dilma Rousseff Wiki · New Development Bank (BRICS) WikiAddress by NDB President, Dilma Rousseff at Presidential Visit and Inauguration Ceremony

ContextAddress in Shanghai at the inauguration of the speaker as president of the bank, during a visit by Brazil's President; the New Development Bank funds infrastructure in emerging economies.

Why it mattersRousseff begins her term promising local-currency lending.

Problems raised
  1. Exchange-rate risk burdens borrowers.
  2. Domestic capital markets are shallow.
  3. Inequality and poverty are high.
Solutions proposed
  1. Finance projects in local currencies.
  2. Strengthen domestic markets.
  3. Support projects reducing inequality.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
MT
· Marcos Troyjo Wiki · New Development Bank (BRICS) WikiAddress by New Development Bank President, Marcos Troyjo, to the Leaders of Brazil, Russia, India, China and South Africa during the 14th BRICS Summit - June 23, 2022

ContextAddress to BRICS leaders at their 14th summit, hosted virtually by China; the New Development Bank funds infrastructure in emerging economies and reports to its founding governments.

Why it mattersTroyjo proposes more local-currency lending to BRICS leaders.

Problems raised
  1. Emerging economies need infrastructure finance.
  2. Currency risk burdens borrowers.
  3. Private sector involvement is low.
Solutions proposed
  1. Increase financing in local currencies.
  2. Expand private sector partnerships.
  3. Shape the future of multilateral finance.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗
MT
· Marcos Troyjo Wiki · New Development Bank (BRICS) WikiOpening address by President Troyjo at the Seventh Annual Meeting of the Board of Governors of the New Development Bank

ContextOpening address at the seventh annual meeting of the bank's board of governors, chaired by India's finance minister; the New Development Bank funds infrastructure in emerging economies.

Why it mattersTroyjo welcomes new members to the BRICS bank.

Problems raised
  1. Emerging economies need infrastructure.
  2. New challenges lie ahead.
  3. Cooperation needs a platform.
Solutions proposed
  1. Nurture cooperation in infrastructure.
  2. Build the NDB as a premier development bank.
  3. Welcome new members.
Read full speech on ndb.int ↗Open Dark Majestic article
in a new window ↗