[Central Bank: China and Brazil have made positive progress in cooperation in the fields of bilateral local currency swaps, financial markets, cross-border payments and development financing] On July 5, Pan Gongsheng, Governor of the People's Bank of China, met with Galipolo, President of the Central Bank of Brazil. Both sides highly affirmed the positive progress of China-Brazil cooperation in the fields of bilateral local currency swaps, financial markets, cross-border payments and development financing, and agreed to continue to implement the signed "Memorandum of Understanding on Financial Strategic Cooperation between the People's Bank of China and the Central Bank of Brazil" and "The People's Bank of China and the Central Bank of Brazil RMB/Reais Bilateral Local Currency Swap Agreement" and other cooperation documents to promote the development of financial cooperation in various fields between China and Brazil. China and Brazil also recently held the second committee meeting of the China-Brazil Sustainable Development and Capacity Expansion Cooperation Fund (hereinafter referred to as the "China-Brazil Fund") to actively explore the expansion of future cooperation space. The second batch of projects of the China-Brazil Fund has a rich list of results. The two sides will continue to promote exchanges and cooperation under the China-Brazil Fund mechanism, provide financial support for more projects that are in the common interests of both sides, and continue to serve the overall situation of China-Brazil financial strategic cooperation.
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