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Address by NDB President, Dilma Rousseff at Opening of the Plenary Session of the 8th Annual Meeting of the NDB

· Dilma Rousseff, President of the New Development Bank (BRICS) (International)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, development and emerging economies

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· 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.
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