Can The BRICS Bank Help Finance The Proposals Of The New Government Of Brazil?

Written by Bruno Teles

Published on 17/01/2023 at 18:13

Banco do BRICS pode ajudar a financiar as propostas do novo governo do Brasil? (Foto/divulgação)

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It Is Necessary to Fulfill the Announced Commitment to Invest in Infrastructure, and to Restart the Projects That Are Stopped Across the Country. For This, the New Government Knows It Can Count on a Great Partner, the BRICS Bank, More Specifically with China, According to Geopolitical Experts.

And it will not be an easy task, even because many projects have serious problems acquired from the time they were stagnant. According to Alckmin, Vice President and Minister of Development, Industry and Commerce, a stalled project is an even more expensive project. In the first ministerial meeting held on January 6, Lula announced that he himself would travel the country to identify stalled projects.

The BRICS Bank, now called New Development Bank (NDB), is certainly a big help. The NDB currently has all the conditions to assist in infrastructure-related issues. And even without abundant resources, which may already have a certain destination, the inclusion of more members in the group could guarantee the necessary resources. Brazil needs to know how to bargain, know how to negotiate, experts comment. The development of the country and the economy, based on the reality found by Lula, depends on this.

In its ten years of existence, the NDB has only now admitted Africa. It is necessary for Brazil to support the candidacy of countries such as Saudi Arabia, for example, since the Eastern country has large foreign exchange reserves that could be the key to opening new paths in international diplomacy.

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Betting on China could also be a way out, as the country is a source of abundant resources regarding infrastructure, especially. And since Beijing has already invested in other Latin American countries, re-establishing relations with Brazil may not be a “China deal” at the moment, but rather something promising.

With high-tech sectors of relevance and great interest in Brazil, after the war in Ukraine, these countries have come closer again and can contribute, at least, in terms of intelligence. The three countries, considering their investment traditions in the military industry within agribusiness, have the potential to assist in developing projects capable of attracting investments, fostering learning, and developing partnerships with Brazilian companies in frontier areas.

And since in the NDB the guiding principle is the maintenance of freedom in defending the interests of each member, Brazil can utilize the structure and resources that may come from the bank in accordance with its own interests, in this case, the resumption of projects. In the bank, there are no unanimous agendas, or agendas that are prohibited from being debated.

Can The BRICS Bank Help Finance The Proposals Of The New Government Of Brazil?

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Can The BRICS Bank Help Finance The Proposals Of The New Government Of Brazil?

It Is Necessary to Fulfill the Announced Commitment to Invest in Infrastructure, and to Restart the Projects That Are Stopped Across the Country. For This, the New Government Knows It Can Count on a Great Partner, the BRICS Bank, More Specifically with China, According to Geopolitical Experts.

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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