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Address by NDB President, Dilma Rousseff at Presidential Visit and Inauguration Ceremony

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

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

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 ↗

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