ABSTRACT
Brazil made an opportunistic choice to join Brazil, Russia, India, China, and South Africa (BRICS) since loyalty was considered more important in relation to other organizations such as the UN, Mercosur, India, South Africa and Brazil. In 2003, Brazil was rising as a world economy and a regional power, whereas multilateralism was in crisis, because of the Iraq invasion, UN inefficiency, and the slow motion of the World Trade Organization. In 2010, two significant changes occurred in Brazil which had a direct impact on BRICS, and which were the tipping points to the diplomatic strategy in Itamaraty: Dilma Rousseff was elected President of Brazil, and the Brazilian economy began to show clear signs of decline. The strength of the Brazilian government to expedite approval and work closely with the New Development Bank (NDB) regional bank in Sao Paulo may result in an increase in investments, the facilitation of investment processes and better adaptation of NBD conditionality to the Brazilian profile.
