In a bid to accelerate Argentina’s entry into the New BRICS Bank (NBD), Argentine Ambassador to China Sabino Vaca Narvaja met on Friday with its current director, former Brazilian president Dilma Rousseff, as well as the new Chinese Foreign Minister, Qin Gang. The acronym BRICS refers to the economic alliance between five countries considered to be rising powers: Brazil, Russia, India, China, and South Africa. At the “Chinese Modernization and the World” forum in Shanghai, attended by international businessmen and professors, Vaca Narvaja stressed the importance of the NBD. “As [Brazilian President Luiz Inacio Lula da Silva] said during his recent visit to China, why can’t we trade backed by our currency? Over the past few years, BRICS members have supported Argentina’s entry to the alliance, including explicit backing from the Chinese government.

Source: Bueno Aires Herald April 23, 2023 21:55 UTC