AIIB and BNDES strengthen cooperation for sustainable development financing

The Asian Infrastructure Investment Bank (AIIB) and the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) have formalized a Memorandum of Understanding (MOU) aimed at bolstering collaboration in financing sustainable development projects. 

The agreement, signed by AIIB’s Konstantin Limitovskiy and BNDES’s Natalia Dias, signifies a commitment to joint investment in infrastructure, trade, and connectivity initiatives across Asia. Notably, the partnership emphasizes climate resilience and knowledge exchange to achieve Sustainable Development Goals.