Brazil makes BRICS new development bank G20 partner
Insight Online News
Lima, Nov 14 : Brazil has made the BRICS New Development Bank a G20 partner in 2024, and several G20 countries could join it, Russian Foreign Ministry Ambassador Marat Berdyev told RIA Novosti.
“This year, the New Development Bank acted as a partner of the G20 and was invited by the Brazilian presidency for the first time to participate in numerous forum events, including the leaders’ summit, which indicates the growth of its international authority and position,” Berdyev said.
He noted, however, that it is still difficult to say whether the bank’s participation in the G20 events will result in specific projects.
“There are countries in the G20 that could interact with this bank, could consider joining its activities and even becoming shareholders. In my opinion, such prospects are quite real,” the diplomat added.
Answering the question about whether Brazil’s initiative had met resistance from Western countries, Berdyev emphasized that they were unlikely to be very pleased with such a decision, “but no one openly spoke out against” the initiative.
