Brazil, as the current president of the BRICS group, hosted the first meeting of the BRICS Task Force on Public-Private Partnerships (PPPs) and Infrastructure, held under the BRICS Finance Track. The meeting focused on boosting investment in climate-resilient infrastructure, a topic that is especially relevant as Brazil prepares for COP 30 and grapples with the impacts of climate change.
Marden Barbosa, the Task Force Coordinator from the Brazilian Ministry of Finance, emphasized the importance of sharing experiences on sustainable infrastructure, particularly in terms of financing.
“We will obviously have deliverables outlined by the Brazilian presidency that will be debated with all the members. We want the results to be significant and useful for all the BRICS countries,” Barbosa stated.
Three key themes were discussed at the meeting: mitigating currency risks, financing project preparation, and the creation of an information hub for infrastructure projects. These themes aim to address critical challenges in mobilizing capital for infrastructure development.
According to Barbosa, “Our country is facing phenomena related to climate change. In addition to the BRICS, Brazil will also host COP 30. For this reason, we would like countries to share their initiatives in resilient infrastructure, especially in aspects related to its financing.”
The discussion of these topics will continue in the coming months, with a focus on developing practical deliverables, such as recommendations for best practices in financing project preparation. Brazil also seeks to deepen the exchange of experiences related to managing exchange rate risks, a significant challenge for many BRICS countries involved in large-scale infrastructure projects.
Through these initiatives, Brazil aims to help BRICS nations increase capital mobilization for climate-resilient infrastructure, fostering greater cooperation and knowledge-sharing to tackle global infrastructure deficits.
