AIIB and Brazil strengthen cooperation on green energy initiatives and infrastructure development

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun welcomed Brazilian Vice President Geraldo Alckmin during an important visit to the Bank today. The meeting focused on strengthening partnerships to accelerate efforts against climate change and promote sustainable infrastructure development.

Brazil, currently holding the G20 presidency and scheduled to host COP30 in 2025 in Belém, has unveiled ambitious plans to mobilize global action in response to the climate crisis. Vice President Alckmin stressed the importance of available financing, provided by institutions such as the 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, key to mitigating the effects of climate-induced disasters. He highlighted the potential for deeper cooperation between the AIIB and Brazil, aligning their visions for sustainable development.

During the panel discussion, both leaders emphasized the strategic alignment of Brazil’s priorities with the AIIB’s focus on nature-oriented infrastructure. They discussed plans to expand AIIB financing and technical assistance for Brazilian physical, social and digital infrastructure projects.

A memorandum of understanding was also signed during the visit, signaling the AIIB’s intention to assist Brazil in its recovery efforts following the devastating floods in Rio Grande do Sul. In addition, the Brazilian Development Bank (BNDES) and the AIIB signed a letter of intent to cooperate under the BNDES-AIIB Program for Green and Sustainable Infrastructure.

President Jin reaffirmed the AIIB’s support for Brazil’s G20 agenda, emphasizing the need for more effective multilateral development banks (MDBs) and joint 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 the AIIB, has so far received approval for three AIIB-financed projects totaling $350 million.

The meeting reinforced the mutual commitment of the AIIB and Brazil to advance the Sustainable Development Goals through solid cooperation on climate action and infrastructure investments.

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