Brazilian President Luiz Inacio Lula da Silva was in the Chinese financial hub of Shanghai on Thursday as he looks to boost ties and win political support for attempts to mediate the conflict in Ukraine.
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The institution posits itself as an alternative to the International Monetary Fund and World Bank, which are controlled mainly by the United States and its Western allies. It is focused on the so-called BRICS group of developing nations made up of Brazil, Russia, India, China and South Africa. During his meeting with Xi, Lula is expected to discuss trade, investment, reindustrialization, energy transition, climate change and peace agreements, according to the Brazilian government.
Politically, the left-leaning Lula’s visit is a sign of Brazil’s reemergence in global relations since he replaced Bolsonaro in January.
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