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Address by H.E. Mrs. Dilma Rousseff, President of the New Development Bank, at the 10th Arab-China Business Conference

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

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, financial stability, development and emerging economies

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· 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 ↗

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