It includes the Central Bank, the Securities and Exchange Commission and other regulators
The Brazilian government has created a joint committee to implement a sustainable finance programme. It is made up of 27 federal bodies and organisations. This is reported by Brasil 247, a partner of TV BRICS.
The committee is expected to develop a methodology to assess the impact of economic activities on social processes and the environment. It includes the Central Bank, the Securities and Exchange Commission (CVM), the Private Insurance Authority (Susep) and other agencies and regulators led by the country's Finance Ministry. The committee will categorise activities and projects in line with the sustainable development strategy.
"We believe that tackling climate change requires solutions that will help align economic, social and environmental goals with each other. Coordination between different authorities and regulators is fundamental," the finance ministry said in a statement.
According to the country's Finance Ministry, the new committee will have to assess how many different resources are needed to implement the national sustainable development programme, including training for regulators.
Photo: iStock-
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Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
