The BRICS New Development Bank holds great promise and will eventually become a major lending institution for developing countries and emerging markets. This statement came from the newspaper of the president of the bank, the former President of Brazil Dilma Rousseff. Finance Times.
“We will become an important bank for developing countries and emerging markets,” said Rousseff.
He explained that the focus of the lending institution should be: a bank that developing countries create “for themselves.”
On 22 August, the new BRICS Development Bank announced Lending in South African and Brazilian currencies. Rousseff emphasized that such a measure is necessary to reduce dependence on the US dollar and create a multipolar international financial system.
Marat Berdyev, Senior Ambassador-at-Large, Asia-Pacific Economic Cooperation (APEC) from the Russian Federation, members of the Association of Southeast Asian Nations (ASEAN) to show increased interest in new forms of payment, including national currencies.
Formerly Russia and Qatar reported on the conduct of work on the initiation of payments in national currencies.