Rousseff’s Vision: Unlocking BRICS Economies’ Growth Potential
Dilma Rousseff, NDB president, highlights the immense growth potential of BRICS countries, driving Rousseff’s Vision of a multipolar world economy. Today, these nations surpass the G7 in importance, as measured by GDP. Moreover, the BRICS bloc expands its reach, welcoming new members and attracting interest from over 30 countries, including Thailand, Malaysia, Türkiye, and Azerbaijan. Additionally, many developing countries seek deeper cooperation with the group, solidifying its role in emerging markets.
“Measured by GDP, the BRICS countries have already surpassed the G7 in importance,” said the former Brazilian president.
The NDB: A Platform for International Cooperation
Rousseff’s Vision for the NDB, established in 2014, extends beyond territorial boundaries, amplifying BRICS countries’ voices. Moreover, it represents the shared aspirations of numerous nations worldwide. Consequently, the bank serves as a crucial platform for international collaboration. Furthermore, it promotes sustainable development and fosters cooperation among diverse economies. As a result, the NDB drives growth and progress in emerging markets and developing nations. Additionally, it provides financial support for infrastructure projects and sustainable initiatives. Ultimately, the bank’s efforts contribute to global economic stability and equitable development across various regions.
Investing in Infrastructure and Sustainable Development
The NDB actively drives investments in critical areas, including logistics, digital infrastructure, and social development, realizing Rousseff’s Vision. Moreover, the bank prioritizes sustainable development, channeling nearly 35 billion U.S. dollars into clean energy, transportation, water resources, and digital infrastructure. Consequently, these efforts enhance global economic governance, stimulating growth in emerging markets and beyond.
A Growing Presence
The BRICS alliance jointly establish the NDB in Shanghai, underscoring their commitment to cooperation. Additionally, the bank mobilizes resources for infrastructure and sustainable development projects in member nations and other developing countries, including new partners like Egypt and the UAE. As membership expands, the NDB strengthens its role as a key platform for international cooperation, driving growth and development in emerging markets and beyond. Rousseff’s Vision is thus materialized through this collaborative effort, paving the way for BRICS+ countries to shape the global economy.
Looking to the Future
Rousseff’s Vision takes shape as decades of rapid growth prepare emerging economies for a more prominent global role. Consequently, the BRICS+ expansion adds diverse voices, making the bloc more representative worldwide. Furthermore, new members bring new challenges. Meanwhile, the NDB drives global economic cooperation, providing a model that bridges the infrastructure gap in developing nations.
In conclusion, the New Development Bank is a vital component of the BRICS bloc, driving growth and development in emerging markets and beyond. By promoting sustainable development and international cooperation, the NDB is Unlocking BRICS Economies’ Growth Potential, shaping the future of the global economy.
Source: Xinhua News Agency