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Lula Back to Defending Alternative Currency to the Dollar
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During the 10th annual meeting of the New Development Bank (NDB) in Rio de Janeiro, the Brazilian president called on the financial community to explore the creation of a "new currency of trade" and new ways of financing. Lula da Silva emphasized the urgency of this initiative for the development of the Global South, noting that without an alternative, the 21st century could end up replicating the inequalities of the 20th century. The Brazilian …
The President also criticised strict control conditions for multilateral banks as opposed to loans and said that the austerity model led developing countries to become poorer.
News of the Day and the Hour Latest News of today Courtesy. Since 2023, the president of Brazil has defended the creation of an alternative currency to the dollar, an issue that had been left aside and on which Lula da Silva will again insist on the BRICS Group Summit to be held in Rio de Janeiro from 5 to 8 July, with the virtual presence of Vladimir Putin - he has an international arrest warrant-, the Prime Minister of China Li Qiang and the …
Petist criticised the austerity model; Dilma Rousseff, who presided over the institution, warned about the world's commercial scenario
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