Asian Infrastructure Investment Bank (AIIB) President Jin Liqun welcomed Brazil Vice President H.E. Geraldo Alckmin during a significant visit to the Bank today. The meeting focused on enhancing partnerships to accelerate efforts against climate change and promote sustainable infrastructure development.
Brazil, currently holding the Presidency of the G20 and set to host COP30 in 2025 in Belém, articulated ambitious plans to mobilize global action in response to the climate crisis. Vice President Alckmin emphasized the importance of accessible funding, facilitated by institutions like AIIB, to make renewable energy solutions more affordable and competitive.
President Jin expressed AIIB’s commitment to supporting its members in building resilient and sustainable infrastructure, crucial in mitigating the impact of climate-induced natural disasters. He highlighted the potential for deeper collaboration between AIIB and Brazil, aligning their visions for sustainable development.
During a panel discussion, both leaders underscored the strategic alignment between Brazil’s priorities and AIIB’s focus on nature-centric infrastructure. They discussed plans to expand AIIB’s financing and technical assistance for Brazil’s physical, social, and digital infrastructure projects.
The visit also witnessed the signing of a memorandum of understanding, signaling AIIB’s intent to assist Brazil in recovery efforts following devastating floods in Rio Grande do Sul. Additionally, the Brazilian Development Bank (BNDES) and AIIB signed a Letter of Intent to collaborate on the BNDES-AIIB Program for Green and Sustainable Infrastructure.
President Jin reiterated AIIB’s support for Brazil’s agenda within the G20, emphasizing the need for more effective multilateral development banks (MDBs) and collaborative efforts among MDBs. He highlighted AIIB’s commitment to contributing its expertise in areas such as standardization and reducing transaction costs for clients.
Brazil, a founding member of AIIB, has thus far received approval for three AIIB-funded projects totaling USD 350 million.
The meeting solidified AIIB and Brazil’s mutual commitment to advancing sustainable development goals through robust cooperation in climate action and infrastructure investment.
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