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SAO PAULO, Jan. 1 (Xinhua) - Brazil assumed the rotating presidency of the BRICS group (Brazil, Russia, India, China, and South Africa) on Wednesday, with an agenda Our reading of the statement suggests that BRICS are unhappy with the systemic bias against the Global South in the current global order, but we also sense that they Guided by the motto “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”, Brasil’s 2025 BRICS Presidency will focus on two Brazil, as the BRICS chair for 2025, is focusing on strengthening cooperation among Global South countries. It aims to facilitate trade and investment through Brazil officially took over the rotating presidency of the BRICS bloc (Brazil, Russia, India, China, and South Africa) on January 1st, ushering in a year focused on The investiture of the New Development Bank [NBD], a project of Brazil, Russia, India, China, and South Africa, collectively called BRICS, was inaugurated with Luiz Inacio Lula da Silva, the Kicking off his China visit, Lula attended the inauguration of former Brazilian President Dilma Rousseff as head of the multilateral bank set up by Brazil, Russia, India

Brazil\'s President has lauded the BRICS New Development Bank (NDB) as a pivotal institution for the Global South, emphasizing its role in fostering economic growth and development. As Brazil assumes the BRICS presidency, taking over on January 1st (Xinhua), the focus is sharply on strengthening cooperation among Global South countries, a core tenet of Brazil\'s agenda.

Brazil Champions Global South Cooperation Through BRICS Bank

The BRICS group, comprising Brazil, Russia, India, China, and South Africa, is increasingly seen as a vital force in addressing the systemic bias against the Global South within the existing global order. Guided by the motto “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance,” Brazil\'s 2025 BRICS Presidency will concentrate on facilitating trade and investment opportunities. The New Development Bank (NDB), a key BRICS project, plays a critical role in this endeavor.

Luiz Inacio Lula da Silva, Brazil\'s president, has been a vocal supporter of the NDB, particularly highlighting Dilma Rousseff\'s leadership. Rousseff, the former Brazilian President, now heads the multilateral bank set up by Brazil, Russia, India, and other BRICS nations. Her investiture marks a significant step in the NDB\'s evolution as a powerful instrument for the Global South.

President Lula\'s visit to China, coinciding with Rousseff\'s inauguration, underscores the importance Brazil places on the BRICS partnership and the NDB\'s mandate. The bank\'s potential to drive sustainable development and infrastructure projects within the Global South is considered immense. As Brazil leads the BRICS bloc, expect a renewed emphasis on the NDB\'s role as a "great bank of the Global South," actively shaping a more equitable and sustainable future. Brazil\'s presidency for 2025 aims to solidify the BRICS nations\' influence on global economic governance and support for developing economies.

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