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The finance chiefs also discussed the key points incorporated in the Leaders Declaration that will be unveiled at the end of the 2-day summit in Russia.
She visited the US last week, however, saying "some things have changed" since the spying revelations.
Brazil's Vale is the world's biggest supplier of iron ore.
78% of those polled refused to repose confidence in the left-leaning leader.
Even as BRICS gear up to operationalise new Fund, the IMF has once again delayed voting reforms to give emerging countries greater say.
This is not merely a visit to mend fences with Obama - it's about marketing Brazil as a lucrative market.
Rousseff will likely focus the crux of her trip on luring American companies and investors to Brazil.
The fund was another sign of China’s growing engagement with Latin America, a region that used to be dominated by the US.
The United States is Brazil's second-biggest export market behind China.
Since her re-election in October, left-leaning Rousseff has cut spending and raised taxes to regain investors' trust.