Brazil is “big” and the BRICS Bank should take care of the poorest countries, says Lula

President Luiz Inácio Lula da Silva said on Thursday (13) that "big countries like Brazil, although they need loans, have other instruments" and don't need financing from the New Development Bank (NDB).

For Lula, the so-called BRICS Bank must organize itself to offer infrastructure loans to "poorer countries in Latin America and the Caribbean."

Lula says the NDB "must help the neediest and poorest countries."

The so-called BRICS Bank can lend to countries other than the partners (the acronym refers to founders Brazil, Russia, India, China, and South Africa).

To grant this financing, however, it would. . .