SAMARKAND: Brazil reaffirms support for AIIB’s infrastructure and climate resilience plans, said Tatiana Rosito, Secretary of International Affairs and Finance Track Coordinator of G20 from Brazil’s Ministry of Foreign Affairs, as she addressed the Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) today, Trend reports.
She emphasized Brazil’s unwavering commitment as a founding member of the bank. Rosito expressed eagerness to deepen collaboration with AIIB to bolster resilience and promote sustainable development, creating partnerships that yield tangible benefits not only for Brazil but for the global community.
In her speech, Rosito highlighted Brazil’s focus for its upcoming G20 Presidency in 2024, which will prioritize the fight against hunger, poverty, and inequality, alongside combating climate change. Under the theme “Building a Just World and a Sustainable Planet,” Brazil aims to address pressing global challenges through coordinated action.
“I am proud to be part of this forum tod
ay, where we are addressing one of the most urgent challenges of our time: ensuring that infrastructure is resilient, inclusive, and able to withstand the growing impacts of climate change,” Rosito stated. She pointed out that inadequate infrastructure in the wake of natural disasters continues to incur significant costs on the global economy, disproportionately affecting the most vulnerable communities.
Rosito underscored the urgent need for resilient infrastructure as climate change leads to more frequent and severe disasters. “Resilient infrastructure does more than mitigate disasters; it allows societies to adapt, recover, and thrive despite growing risks,” she noted, adding that it serves as a crucial tool in preventing disruptions that adversely impact marginalized populations.
The secretary emphasized that a systemic approach is vital for long-lasting resilience. “AIIB is exceptionally well-positioned to lead this effort,” she remarked. “It must continue to prioritize sustainability and climate resil
ience in its lending practices. Every project must be designed to address future climate risks with rigorous assessments to ensure environmental sustainability.”
Rosito concluded by asserting that by aligning investments with long-term resilience goals, AIIB can effectively meet today’s needs while securing a sustainable future for all. Her remarks set a hopeful tone for the future of infrastructure development and global collaboration in tackling the intertwined challenges of climate change and economic disparity.
AIIB Annual Meeting, taking place in the city of Samarkand, features over 25 panel discussions focused on innovations in infrastructure financing, climate resilience, sustainable development, and the digital transformation of infrastructure projects.
Source: Trend News Agency