The Brazilian government announced that it will be part of ADB Infrastructure Investment (AIIb, for its acronym in English) to which he was invited by the Chinese government and will be one of its founding members.
“President Dilma Rousseff announced (…) Brazil has every interest in participating in this initiative, which aims to secure financing for infrastructure projects in the Asian region,” the statement released by the Presidency .
The brief letter does not specify, however, how much to invest in this new Brazilian bank where the United States is not involved.
The AIIb has an initial capital of US $ 50,000 million and already has the participation of 30 countries, among them Germany, France, Britain and Italy.
Blessing IMF
The initiative of the Chinese government received this week, also the blessing of the IMF Managing Director, Christine Lagarde.
The Asian Investment, which must formally take office before the end of the year, has generated suspicion in Japan and the US, which controls the World Bank and the ADB, based in Manila.
China is since 2009 the main trading partner of Brazil, while the largest country in South America is the fourth destination of Chinese investment, which accumulated a total of US $ 78.000 billion between 2007-2013, as Brazil-China Chamber.
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