Beijing, Apr 13 (PTI) Brazilian President Lula da Silva on Thursday visited the New Development Bank (NDB) of the BRICS countries in Shanghai.

This was the first time that a Head of State visited the Bank's Headquarters in Shanghai and addressed the NDB staff in person, the bank said in a press release.

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Ahead of his visit, his protege and former Brazilian President Dilma Rousseff was appointed as the President of NDB of the BRICS (Brazil, Russia, India, China, South Africa) countries.

Addressing the staff, Lula said the NDB is the product of a partnership among BRICS countries with a view to creating a world with less poverty, less inequality and more sustainability.

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Lula arrived in Shanghai on Wednesday and is due to visit Beijing where he is scheduled to have talks with President Xi Jinping.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)