Photo: Palácio do Planalto.
The Brazil-China Fund marks the first bilateral financial instrument between both development banks and aims to strengthen a strategic partnership in key sectors driving sustainable growth. BNDES will contribute $400 million, while CEXIM will provide $600 million, with investments structured in debt instruments and equity stakes within Brazil.
BNDES Planning Director Nelson Barbosa stated that the fund will operate in Brazilian reais, highlighting a joint effort to reduce dependency on the U.S. dollar and promote greater financial autonomy among emerging economies, a goal shared within the BRICS framework.
Launching in 2026, the fund will prioritize renewable energy, sustainable infrastructure, responsible mining, smart agriculture, and artificial intelligence for industrial innovation. The Brazilian government sees it as a tool to attract long-term investments supporting the energy transition and reinforcing the country’s role as a green and technological leader in Latin America.
For China, the initiative fits into its broader financial expansion across South America, where it already serves as Brazil’s largest trading partner. Through institutions like CEXIM, China has financed major projects in railways, ports, energy, and telecommunications, deepening its economic footprint in the region.
Observers note that the fund not only strengthens bilateral ties but could also serve as a South-South cooperation model, blending economic development with innovation and environmental sustainability. It also underlines the growing alignment between Brazil and China in global governance spaces such as the BRICS and G20, both advocating for a fairer and more multipolar financial system.
* Original text in Spanish. Translated by Large Language Model (LLM) technology.
Main Source:
Brasil y China lanzan fondo de US$1.000 millones para inversiones en energía, minería e inteligencia artificial – Reporte Minero
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