'Bank of BRICS doesn't impose conditions on member countries,' says Rousseff about loans to Rio Grande do Sul
Former Brazilian president and head of the NDB signed a letter of commitment to allocate US$ 1,075 billion
Vice President Geraldo Alckmin and the president of the New Development Bank (NDB, also known as Bank of BRICS), Dilma Rousseff, signed a letter of commitment on Tuesday (4) to allocate a total of US$ 1,075 billion, planned for this year in Brazil, to the state of Rio Grande do Sul, devastated by floods.
The announcement was made by Dilma on May 14. Alckmin is in Beijing, China, leading a delegation made up of six other Brazilian ministers (in addition to being vice president, Alckmin is also Minister of Development, Industry, Trade and Services) to take part in Cosban, the Sino-Brazilian High-Level Concertation and Cooperation Commission.
In a press conference with Alckmin at the Brazilian Embassy in Beijing, Dilma was asked about how free the state of Rio Grande do Sul is to allocate resources. The NDB president said that flexibility to allocate resources in case of disasters is essential.
''I went through three disasters [as president]. You're going to face risks in Rio Grande do Sul: there's the problem of removing waste, and cleaning up. You only start rebuilding after that. You have the problem of rebuilding streets, roads… 150 roads and bridges have been affected,” said Rousseff.