{"id":42044,"date":"2024-06-07T07:41:32","date_gmt":"2024-06-07T07:41:32","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/head-of-brics-new-development-bank-urges-to-focus-on-multipolar-economy-to-form-multipolar-world"},"modified":"2024-06-07T08:02:33","modified_gmt":"2024-06-07T08:02:33","slug":"head-of-brics-new-development-bank-urges-to-focus-on-multipolar-economy-to-form-multipolar-world","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/head-of-brics-new-development-bank-urges-to-focus-on-multipolar-economy-to-form-multipolar-world","title":{"rendered":"Head of BRICS New Development Bank urges to focus on ‘multipolar economy’ to form multipolar world"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>The head of the economic bloc BRICS New Development Bank, former Brazilian President Dilma Rousseff on Thursday urged to focus on the formation of a multipolar economy.<\/p>\n

Speaking at a meeting with Russian President Vladimir Putin in St. Petersburg, Rousseff said the “Global North” failed to address humanity’s global problems, asserting that a multipolar economy is better equipped to withstand global shocks and crises.<\/p>\n

“We are a different bank, created by the countries of the Global South for the countries of the Global South. We cannot dictate conditions for our members,” Rousseff said.<\/p>\n

She emphasized that a multipolar economy is essential for achieving true multipolarity, and contributing to its establishment is one of the BRICS New Development Bank’s goals.<\/p>\n

Rousseff highlighted the importance of national currencies in a multipolar world, noting that another of the bank’s commitments is to facilitate settlements in national currencies.<\/p>\n

“This is crucial for developing countries that lack strong currencies and suffer from exchange rate volatility,” she said.<\/p>\n

Putin praised Rousseff’s leadership at the bank, noting that under her chairmanship, the bank showed a significant net profit for the first time.<\/p>\n

He invited Rousseff to discuss the bank’s further development and to explore joint initiatives, including through the St. Petersburg International Economic Forum (SPIEF).<\/p>\n

SPIEF, held annually in June since 1997, is supported by the president of the Russian Federation and organized by the Ministry of Economic Development.<\/p>\n

The forum gathers leading global politicians and businesspeople to identify and deliberate on key challenges facing Russia, emerging markets, and the world, aiming to establish frameworks for common solutions.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. The head of the economic bloc BRICS New Development Bank, former Brazilian President Dilma Rousseff on Thursday urged to focus on the formation of a multipolar economy. Speaking at a meeting with Russian President Vladimir Putin in St. Petersburg, Rousseff said the “Global North” failed to address humanity’s global problems, asserting that […]<\/p>\n","protected":false},"author":84,"featured_media":42043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,245,3327,241,3328,2268],"class_list":["post-42044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mauritius","tag-dilma-rouseff","tag-mauritius","tag-st-petersburg-international-economic-forum-spief","tag-vladimir-putin"],"yoast_head":"\nHead of BRICS New Development Bank urges to focus on 'multipolar economy' to form multipolar world - Mauritius<\/title>\n<meta name=\"description\" content=\"The head of the economic bloc BRICS New Development Bank, former Brazilian President Dilma Rousseff on 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