Brazil’s Finance Minister, Fernando Haddad, has insisted that the largest South American nation intends to be active again in the resolution of global crises as he gets ready to fly to Bangalore, India, this week to attend a G20 conference of economy ministers ahead of the summit of heads of government and state.
The minister stated that socio-environmental sustainability should be a subject of discussion in all of his bilateral meetings.
Haddad recalled Brazil’s decisive role in resolving the 2008 financial crisis and expressed his belief that his nation can once more play a significant role in the current global scenario of economic issues mixed with climatic concerns and the fallout from the Covid-19 pandemic.
Transition to a green economy with socio-environmental sustainability should be discussed at every bilateral meeting Haddad plans to hold in India, where he has secured one-on-one engagements with European Union (EU) Commissioner for the Economy Paolo Gentiloni, South Africa’s Finance Minister Enoch Godongwana, and Spain’s Third Vice President and Minister of Economic Affairs, Nadia Calviño.
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The main agenda of the multilateral meeting, however, was set by host India, which is chairing the G20 this year. Among the main topics are cryptocurrencies and international debt. Emerging countries have increased their indebtedness in recent years and India is seeking solutions to the issue.
According to Haddad, Brazil has high hopes of returning to the international scene, particularly when the South American country is to hold the pro-tempore presidency of G20 in 2024 and of 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 (COP30) in 2025.
The G20 event in India will take place from Feb. 22 to 25. Haddad is to leave Brasilia on Wednesday (22) and his first official engagement is the authorities’ reception dinner Thursday (23). He is due back in Brazil on Saturday, Feb. 25.
Joining Haddad will be Brazil’s Central Bank (BCB) President Roberto Campos Neto, who will lecture about public digital infrastructure.
Story adapted from MercoPress
