Interview: Brazil-China Fund

Interview: Brazil-China Fund

Project & Infrastructure Finance Brazil Funds Economy & Policy Interviews China

When Brazil and China earmarked $20 billion for investments in June this year, it was the first time that either government had participated in a bilateral fund with another country. President Michel Temer had discussed forming an investment fund with China when he was vice president, before he took over from former President Dilma Rousseff. The plans faltered for a while, but both sides picked up the negotiations in the middle of last year and signed the official documents to create the fund just a few months ago. China’s investment fund for Latin America, known as the CLAI Fund, will put in $15 billion, while the Brazilian government will provide the remaining $5 billion. Brazil’s national

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