On March 4, the president of Brazil, Luiz Inácio Lula da Silva, received the president of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun. According to the Chinese executive, the institution has no capital restrictions and is ready to provide a large amount of resources to boost Brazil's economic and social development.

"As long as we have good projects, we will provide funding. We want large-scale projects," Liqun said in a press statement after the meeting. He cited major infrastructure projects, especially connecting to the west of the continent to reach the Pacific Ocean, and projects to adapt to climate change.

In a post on social media, the Brazilian president highlighted the meeting with Jin Liqun. "Brazil is part of this important bank which also invests in development projects outside Asia. We talked about the New PAC [Growth Acceleration Program] and the possibility of expanding the AIIB's investments and contributions to economic, social and sustainable development in our country," wrote Lula.

(Source: Agência Brasil, on March 4)