The Planning Ministry will serve as the chair of an interministerial commission that will advance South American integration projects, according to Renata Amaral, Brazil’s secretary for international affairs and development. President Luiz Inacio Lula da Silva will issue a decree establishing the commission, thereby easing internal cooperation and effectively initiating these projects.
Last year, the government set aside $10 billion from multilateral and development banks to fund infrastructure, strengthen South American integration, increase trade, and shorten transportation time to Asia. Brazil’s development bank, BNDES, will allocate $3 billion solely to domestic initiatives.
Amaral stated that despite probable political polarisation in the United States and its consequences, Brazil sees active collaboration from neighbouring nations such as Argentina, Paraguay, and Uruguay, despite their right-wing governments.
