Launch of the Forum of Brazilian Sovereign Wealth Funds
Rio de Janeiro, Brazil, November 29, 2022 — With support from the Jain Family Institute (JFI), a non-profit applied research organization, and the Federal Fluminense University (UFF) in Niterói, Brazil, four Brazilian state and municipal governments have established a new Forum of Brazilian Sovereign Wealth Funds. The forum will be launched at a public seminar in Rio de Janeiro on November 30, 2022.
As newly elected president Luiz Inácio “Lula” da Silva prepares to take office with a mandate to preserve Brazil’s threatened natural ecosystems while increasing economic growth, these four governments aim to create a new model for responsible, human-centered development. Over the past five years, they have worked to transform an oil windfall into a permanent foundation for sustainable development: they have all established royalty funds to drive development, sustain transformative social programs, and facilitate intergenerational savings. With the launch of the forum, they are joining forces.
From the series:
Social Wealth Seminar