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Reuters
Reuters
Politics

Brazil's Lula wants former President Rousseff to run New Development Bank

FILE PHOTO: Brazil's Presidential candidate Luiz Inacio Lula da Silva attends a campaign rally alongside former Brazil's President Dilma Rousseff, in Nova Iguacu, near Rio de Janeiro, Brazil September 8, 2022. REUTERS/Ricardo Moraes

Brazilian President Luiz Inacio Lula da Silva confirmed he will appoint former President Dilma Rousseff to head the New Development Bank (NDB) when there is a vacancy, Lula said on Thursday referring to the institution the BRICS group of emerging economies established.

Rousseff, a member of Lula's leftist Workers Party, succeeded him in the presidency in 2011 and won re-election three years later, but ended up impeached in 2016 during a harsh recession on charges she manipulated budget accounts.

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