Brasília – The Brazilian Minister of Finance, Fernando Haddad (pictured above), will travel next week to Bangalore, India, to participate in the 1st Finance & Central Bank Deputies meeting of the G20 countries, a group of the world’s largest economies. From this event, Brazil seeks to return to the international scene as an active player offering solutions to significant world economic crises, informed the Ministry of Finance.
The Ministry assesses that, just as it was decisive in resolving the 2008 financial crisis, Brazil can play an essential role in the current context, with economic issues also intersected by climate concerns and the post-COVID-19 pandemic situation.
The Ministry said the transition to a green economy, with socio-environmental sustainability, could be widely discussed in Haddad’s bilateral meetings. Meetings between the minister and the European Union (EU) Commissioner for the Economy, Paolo Gentiloni; South Africa‘s Minister of Finance, Enoch Godongwana; and Spain‘s third vice-president and Minister of Economic Affairs, Nadia Calviño, have already been confirmed.
However, the main topic of the multi-stakeholder meeting was defined by host India, which is chairing the G20. Among the main topics are the governance of cryptocurrencies and foreign debt. Emerging countries have increased their indebtedness in recent years, and India is seeking solutions to the issue.
For the Brazilian Ministry of Finance, expectations regarding Brazil are high, given the return to the international scene and the country’s leading role in the upcoming major summits. Brazil will preside over the G20 in 2024 and the BRICS (Brazil, Russia, India, China, and South Africa) in 2025. The Brazilian government has also applied to host the 30th edition of the United Nations Conference of the Parties on Climate Change (UNFCCC COP30) in 2025. G20’s event in India will take place from February 22 to 25.
Translated by Elúsio Brasileiro
