The head of the BRICS Bank confirms that the trend is to increase the weight of the bloc of emerging countries in the global economy
✅ Get news from Brasil 247 and TV 247 on Brazil Channel 247 and on Society 247 On WhatsApp.
247 – The head of the New Development Bank (NBD), also known as the BRICS Bank, Dilma Rousseff, criticized the current global financial system and highlighted the rise of the emerging bloc as a factor that could reverse what she called “injustice.”
“The power of the BRICS countries has already grown rapidly, which is a good basis for understanding the power that underpins multilateralism. Measured in terms of purchasing power parity, the BRICS countries already account for 31.5% of global GDP, surpassing the G7 countries,” Dilma said during her speech at the World Government Summit. In Dubai, United Arab Emirates, where she was one of the prominent guests, representing 30.8%.
She stated that the trend is to increase the weight of the BRICS group in the global economy. “Even with the difficulties related to the unfair international financial system and the large debts of developing countries, the IMF figures are a good example of this new trend,” he said.
On January 1, Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia officially became full members of the BRICS. Before that, the bloc consisted of Brazil, Russia, India, China and South Africa.
Continue following recommendations
“Music fanatic. Professional problem solver. Reader. Award-winning tv ninja.”
More Stories
Ibero-American politicians and artists demand the release of Jorge Glass
Insects that can eat and digest plastic
5 dog breeds that no TikTok vet would ever have at home