Brazil to Be or not to Be Peace-Maker in BRICS
Brazil’s President Luiz Inácio Lula da Silva is scheduled to arrive in Shanghai on Tuesday, after a March visit was rescheduled due to illness. He will meet with Chinese President Xi Jinping on Friday 4/14/2023.
While trade will dominate the agenda, geopolitics are steadily creeping in. Lula’s entourage includes numerous agricultural executives, a sign of the importance of agricultural commodities to the relationship. Brazil is interested in diversifying this trade. More than twenty deals on finance, investment and agriculture are expected.
BEIJING (AP) — Brazilian President Luiz Inácio Lula da Silva was in the Chinese financial hub of Shanghai on Thursday as he looks to boost ties with the South American giant’s biggest trade partner and win political support for attempts to mediate the conflict in Ukraine.
Lula arrived late Wednesday and is due to meet with his Chinese counterpart Xi Jinping in Beijing on Friday before concluding his visit on Saturday.
The Brazilian government says the sides are expected to sign at least 20 bilateral agreements during Lula’s trip, underscoring the improvement in relations following a rocky patch under predecessor Jair Bolsonaro.
In Shanghai, Lula will also attend the official swearing in of close adviser and former Brazilian president Dilma Rousseff as head of the Chinese-backed New Development Bank.
The institution posits itself as an alternative to the International Monetary Fund and World Bank that are controlled mainly by the U.S. and its Western allies. It is focused on the so-called BRICS group of developing nations made up of Brazil, Russia, India, China and South Africa.
BRICS New Development Bank
A multilateral bank established by Brazil, Russia, China, India, and South Africa to finance sustainable development and infrastructure projects.
The new list of New Development Bank member countries: Member Countries
5 South Africa
7 United Arab Emirates
Egypt added as the fourth new member of BRICS New Development Bank. Bangladesh, UAE, and Uruguay joined BRICS New Development Bank in September 2021. Membership expansion enables New Development Bank to position itself as a premier development institution for emerging economies.
New Development Bank Headquarter: Shanghai, China;
New Development Bank President: Marcos Prado Troyjo;
New Development Bank Founder: BRICS;
New Development Bank Founded: 15 July 2014
July 12, 2017 7:03 p.m. ET
SÃO PAULO— Former President Luiz Inácio Lula da Silva, the front-runner for next year’s presidential election, was sentenced to almost a decade in prison for corruption, dealing a heavy blow to his leftist Workers’ Party and its chances of regaining control over Latin America’s biggest country.
Sergio Moro, the crusading judge at the head of Brazil’s vast Car Wash graft investigation, found Mr. da Silva guilty on Wednesday of corruption and money laundering, sentencing the 71-year-old to nine-and-a-half years in prison, according to a court document.
“The responsibility of a President of the Republic is enormous and, consequently, so is the guilt when he commits crimes,” Mr. Moro wrote in his verdict.
Under Brazilian law, Mr. da Silva can stay out of jail while he appeals the ruling. If he loses the appeal—a process that could take up to a year—he would be expected to go to prison and be barred from public office.
The conviction throws Brazilian politics into further turmoil, coming less than a year after the impeachment of former President Dilma Rousseff, who succeeded her mentor Mr. da Silva, for covering up the country’s growing budget gap. The current President of Brazil, Michel Temer was charged with corruption by the chief prosecutor, in a highly-anticipated development that may put the embattled president of Latin America’s largest economy on trial. Rodrigo Janot has charged Mr. Michel Temer with passive corruption and stated there are indications of other crimes that need to be investigated, according to documents filed at the Supreme Court. The charges need to be approved by two-thirds of Brazil’s chamber of deputies to proceed. It is not yet clear how long that process will take. The sprawling corruption probe known as Car Wash has also put scores of other leading politicians and captains of industry behind bars, and delayed the country’s economic recovery.
The verdict is a hard dive for a man who rose from a union activist to president on his fourth try, raised Brazil’s profile both economically and diplomatically. His government secured both the Olympics and soccer’s World Cup, and embarked on a state lending spree that helped Brazil’s largest companies take on their global rivals.
‘He was a symbol of hope for an entire country, and now we don’t have anyone that even comes close to offering that to the Brazilian people.’ – Andrea Murta of the Atlantic Council
Brazil’s Lower House Votes to Impeach President, Sending Measure to Senate
At least two-thirds of the Chamber of Deputies on Sunday voted to impeach Rousseff, who allegedly hid a budgetary deficit during an election. The motion now goes to Brazil’s Senate.
Reactions of Dilma Rousseff to these attempts to impeach her:
For no reason – There’s no reason for the request of impeachment against me. They accuse me without any legal basis. I haven’t committed a crime of responsibility.
There’s no against me any complaint of corruption or misuse of public money. Never stop investigation against whoever it was. My name isn’t on any list of tuition. Either I’m suspected of having committed any offence against the common good.
SEM RAZÃO – Não há razão para o pedido de impeachment contra mim. Acusam-me sem nenhuma base legal. Não cometi crime de responsabilidade.
Não há contra mim qualquer denúncia de corrupção ou desvio de dinheiro público. Jamais impedi investigação contra quem quer que fosse. Meu nome não está em nenhuma lista de propina. Tampouco sou suspeita de qualquer delito contra o bem comum.
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Dr. Said El Mansour Cherkaoui is based in California where he resided for the last 35 years: he is a published author in French and English languages in France, United Kingdom and the United States. He participated in numerous international conferences and events, acted as Principal Consultant for several governmental agencies and institutions in the United States, Asia, Africa and the Middle East. Dr. Cherkaoui is recognized by his peers as International Analysts, Conference Speaker, Scholar and Editor of several Online Newspapers.
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