Interview with Brazilian Economist Paulo Nogueira Batista Jr.

How Slow Reforms at the IMF Led to the Creation of the BRICS Bank

The UN Brief interviewed Brazilian economist Paulo Nogueira Batista Jr., to speak about his time as Executive Director at the International Monetary Fund and as the Vice President at the New Development Bank, launched by five emerging economies, the BRICS. We touched upon the architecture of international finance for development, its shortcomings and its promises. We also spoke about Brazil’s systemic and structural racism, the Brazilian stray dog complex, former Foreign Affairs Minister of Brazil Celso Amorim, Brazilian playwright and author Nelson Rodrigues, and the current reputation of Brazil abroad according to Brazilian journalist Jamil Chade.

If you want the backstory of these two institutions, the IMF resistance to change, what is it like when Brazil becomes a lender, and how the New Development Bank saw the light of the day, and its many present challenges to stay on course, watch to the end.