Former Brazilian President Dilma Rousseff to head BRICS Bank

Updated: Mar 24 2023 10:37PM

Beijing, Mar 24 (PTI) Former Brazilian President Dilma Rousseff was "unanimously" elected on Friday as the head of the New Development Bank (NDB), a multilateral financial institution set up by the BRICS (Brazil, Russia, India, China and South Africa) countries.

Rousseff, 75, succeeds her compatriot Marcos Troyjo, the Shanghai-headquartered bank announced.

"The Board of Governors of the NDB of the BRICS, (Brazil, Russia, India, China, South Africa), unanimously elected Rousseff as the President of the Bank, effective immediately," a press release from the bank said.