SHANGHAI, August 25 — The New Development Bank will promote the inclusion of new members and finance in local currencies of member countries, Dilma Rousseff, the bank’s president, has said.
“Financing in local currencies is one of the bank’s main goals, as it is clearly stated in the Bank’s General Strategy 2022-2026, which stipulates that 30 per cent of all our financing will make use of the currencies of our member countries,” said Rousseff. “This strengthens its capital base and incorporates a wider array of trade relations and of diverse development projects, this will enable the construction of a financial structure that bears the mark of multilateralism and a multipolar world,” said Rousseff, adding that multiple and diverse voices will be heard.