The Brazilian president met with Asian Infrastructure Investment Bank President Jin Liqun. The institution, the executive said, has no capital restrictions and is ready to provide a large amount of resources “to boost Brazil’s economic and social development.”
President Lula is expected to address several topics during his trip, including the fight against inequality and hunger, the energy transition, climate change, reform of international institutions, and the expansion of trade between Brazil and African countries.
In a speech to Brazilian and Saudi investors, he discussed investment opportunities in Brazil. The president is currently in Riyadh, Saudi Arabia, the first stop on his Middle East trip, where he is also taking part in COP 28 in Dubai.
At the BRICS Extraordinary Virtual Summit, the Brazilian president said the situation in the occupied West Bank must be monitored. “The contribution of the BRICS, in its new configuration, along with all the actors in favor of self-restraint and de-escalation, is […] essential,” he added.
He spoke at the plenary of the 15th Brics Summit on Wednesday. The president also criticized current global financing models. “It is unacceptable that developing countries are penalized with interest rates up to eight times higher than those charged from rich countries,” he stated.