The Asian Infrastructure Investment Bank (AIIB) and the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) have solidified their partnership through the signing of a Memorandum of Understanding (MOU). This accord is geared towards enhancing collaboration in funding sustainable development initiatives and fostering regional cooperation.
AIIB’s Vice President for Investment Operations (Region 2), Konstantin Limitovskiy, and BNDES’s Managing Director, Natalia Dias, were the signatories to the MOU. Under this agreement, AIIB and BNDES will explore opportunities for co-financing and co-investment in various projects and programs related to infrastructure, trade, connectivity with Asia, climate, and other mutually beneficial areas. Additionally, both institutions will collaborate on project origination, resource mobilization, and knowledge exchange pertaining to strategies and policies aligned with the Sustainable Development Goals.
Vice President Limitovskiy of AIIB expressed keen enthusiasm for formalizing the partnership with BNDES, stressing its significance in advancing sustainable development and economic growth across Asia, Latin America, and beyond. He underscored the potential of pooling together expertise and resources to tackle infrastructure challenges and propel economic advancement.
President Aloizio Mercadante of BNDES highlighted Brazil’s leadership in clean electricity among G20 nations and emphasized the significance of leveraging this advantage to attract new investments and enhance value across industrial and productive chains. He emphasized the partnership with AIIB as essential for exchanging knowledge, broadening opportunities, and promoting a more sustainable economy.
Natalia Dias, Managing Director of BNDES, viewed the signing of the MOU as a notable achievement in their international funding strategy. She noted that it paves the way for collaboration with a leading global financial institution such as AIIB, enabling the combined utilization of resources for sustainable development projects in both Brazil and Asia.