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Address by NDB President Dilma Rousseff at the 18th BRICS Summit, Open Plenary Session

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

Summary written by Dark Majestic in its own words · topics: financial stability, public finances and debt, trade, fragmentation and geopolitics, development and emerging economies

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.
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