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BRICS advocates new means of payments and new members meet in Rio de Janeiro to boost alliances in the Global South

  Rio de Janeiro, one of Brazil's most symbolic cities, was the setting for a historic meeting between the BRICS countries, which now includes new strategic members. At a time when the world is undergoing intense geopolitical and economic transformations, the BRICS are advocating for new means of payment and new members are meeting in Rio de Janeiro with the clear mission of strengthening ties between emerging nations and proposing real alternatives to traditional models of global trade and finance. This meeting marked the beginning of a new, more inclusive and representative phase, with a focus on strengthening the Global South. What is BRICS and why is this meeting important? BRICS is a group originally formed by Brazil, Russia, India, China and South Africa. Together, these nations represent a significant portion of the global economy, the world's population and the planet's natural resources. The big news, however, is the entry of new members into the group. With this, ...
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Brazil and Angola strengthen partnership with new phase of economic cooperation and resumption of investments


 President Luiz Inácio Lula da Silva received the President of Angola, João Lourenço, at the Planalto Palace on Friday (23) during an official visit during Africa Week in Brazil. The meeting strengthened the historical and diplomatic ties between the two nations and marked the beginning of a new phase of economic cooperation. During the meeting, Lula announced that Brazil intends to reactivate export financing lines for projects in Angola, with the support of the BNDES. Lula highlighted Angola's reliability as a partner, recalling that the African country paid off its debt to Brazil in advance, five years ahead of schedule. “There is no reason to be afraid of negotiating or granting credit to Angola. They honor their commitments,” he stated. The Chief Executive also highlighted the strategic role of Petrobras, advocating that the state-owned company resume its oil and gas prospecting activities in African territory. Furthermore, the Brazilian president signaled that he will work with Embraer and BNDES to facilitate the sale of three KC-390 aircraft to the Angolan Air Force. According to him, Embraer is prepared to contribute to the modernization of Angolan air and naval assets.


In response, João Lourenço thanked them for their support and expressed interest in expanding the presence of Brazilian investors in Angola, focusing on areas such as infrastructure, energy, highways and ports. He was optimistic about the reopening of export credit lines by Brazil.

Brazil and Angola share a deep historical connection. Both were Portuguese colonies and are now part of the Community of Portuguese Language Countries (CPLP). Brazil was the first country to recognize Angola's independence, in 1975, and since 2010 the African country has been considered a strategic partner in Brazilian foreign policy, alongside other nations such as South Africa and Egypt.

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