Brazil, which has taken over as the BRICS group’s president this year, hosted the first meeting of the BRICS Task Force on Public-Private Partnerships (PPPs) and Infrastructure under the BRICS Finance Track. The main topic of the meeting was increasing investment in climate-resilient infrastructure. This is reported by the official website of the Brazilian Government.

Marden Barbosa, Task Force Coordinator from the Brazilian Ministry of Finance, emphasised the importance of sharing experiences on sustainable infrastructure, especially in the context of financing. Brazil, facing the impacts of climate change and preparing for COP 30, is keen to cooperate in this area. 

“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,” he added.

The meeting highlighted three key themes: mitigating currency risks, financing project preparation and the creation of an information centre for infrastructure projects. Further discussions on each of the topics are planned in the coming months.

African Times published this article in partnership with International Media Network TV BRICS