Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 25th 2024 - 11:05 UTC

Tag: BRICS

  • Monday, June 12th 2023 - 10:23 UTC

    Honduras wants to join BRICS bank

    President Xiomara Castro formally made the request during a meeting with Dilma Rousseff

    During her six-day visit to China, Honduran President Xiomara Castro formally asked BRICS' New Development Bank (NBD) Chairwoman Dilma Rousseff for the Central American country to join the entity, it was reported in Shanghai. A technical delegation of the Honduran government will travel in the coming days to initiate the process.

  • Friday, June 2nd 2023 - 11:01 UTC

    Argentina to join BRICS bank?

    Rousseff found the fastest way for Argentina to get help from the BRICS NDB Bank

    Argentine Economy Minister Sergio Massa was told in Shanghai by New Development Bank President Dilma Rousseff that the road was clear for Argentina to join the entity and thus be able to obtain some financial backing in the near future, it was reported. The formal announcement will be made next August alongside those concerning Saudi Arabia, Egypt, and Zimbabwe.

  • Friday, May 19th 2023 - 09:30 UTC

    A BRICS revival is capable of challenging Western led international institutions?

    BRICS saw their economic alignment as an opportunity to expand their global influence by creating an alternative to West-led international institutions

    By Ana Palacios, WASHINGTON, DC – There was a time when everyone was talking about a group of fast-growing emerging economies with huge potential. But the BRICS – Brazil, Russia, India, China, and South Africa – struggled to transform themselves from a promising asset class into a unified real-world diplomatic and financial player. Is this finally changing?

  • Friday, April 14th 2023 - 10:00 UTC

    Lula visits BRICS development bank and Huawei's tech center

    For the first time, a development bank with global reach was established without the participation of developed countries in its initial phase

    Brazilian President Lula da Silva on Thursday in Shanghai visited the headquarters of the BRICS New Development Bank (NDB) and Huawei's technology development center. At the NDB, Lula met with NDB President Dilma Rousseff, and delivered a speech to the staff. It was the first time that a head of state had paid a visit to the bank.

  • Thursday, April 13th 2023 - 10:54 UTC

    Lula highlights BRICS Bank's social role

    The IMF is “asphyxiating” Argentina, Lula also said

    Brazilian President Luiz Inácio Lula da Silva Thursday highlighted the social mission of the New Development Bank (NDB), also known as BRICS Bank, during Dilma Rousseff's inauguration as president of the financial institution in Shanghai, China.

  • Saturday, March 25th 2023 - 10:26 UTC

    Former Brazilian President Rousseff to chair BRICS Bank

    Rousseff participated in the founding of the NDB in 2014

    Former Brazilian President Dilma Rousseff has been elected Friday to head the New Development Bank (NDB), also known as the BRICS Bank to replace Marcos Troyjo, who had held the post since July 2020. Rousseff will remain at the helm of the Shanghai-based financial institution until the end of Brazil's mandate in July 2025. Each BRICS country (Brazil, Russia, India, China, and South Africa) chairs the bank for rotating five-year terms. She will take office later next week during President Luiz Inácio Lula Da Silva's visit.

  • Thursday, March 23rd 2023 - 10:51 UTC

    Brazil would like to see Argentina join BRICS, FM says

    The issue will have to be discussed at the next BRICS summit because Lula's upcoming meeting with Xi Jinping will be of a bilateral nature, Vieira also explained

    Brazil's Foreign Minister Mauro Vieira told the website Metrópoles that his country would like to have Argentina join the BRICS group, but insisted that for such a move to happen it would depend on the consensus from the other bloc members (Russia, India, China, and South Africa).

  • Wednesday, February 1st 2023 - 10:59 UTC

    South Africa in naval drills with BRICS associates, Russia and China; Argentina waiting to join the block

    Russian Foreign Minister Sergey Lavrov’s visited South Africa to hold talks with his counterpart Naledi Pandor

    South Africa confirmed plans to conduct joint naval drills with BRICS associates navies, Russia and China off its coast this month, from 17/27 February, next to the first anniversary of Russia’s invasion of Ukraine on February 24.

  • Tuesday, January 31st 2023 - 10:45 UTC

    Argentine FM thanks Chinese colleague for support regarding Malvinas

    Cafiero also tanked his colleague for China's endorsement of Argentina's bid to join the BRICS

    Argentine Foreign Minister Santiago Cafiero Monday thanked his new Chinese colleague Qin Gang during a telephone conversation for the Asian Giant's support for the South American country's claim over the Malvinas/Falkland Islands. Qin Gang had become China's new Foreign Minister on Dec. 30, 2022. Both top diplomats concurred that a peaceful solution was needed for the South Atlantic dispute.

  • Tuesday, November 8th 2022 - 09:24 UTC

    Argentine president turns to diplomacy

    Fernández will be a key player in Venezuelan peace talks while strengthening Celac and moving toward joining BRICS. Photo: Argentine Presidency

    Argentine President Alberto Fernández has withdrawn himself from domestic confrontations within the ruling Frente de Todos (FdT) by focusing on the international agenda that launches him onto the world's center stage in the coming days.