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.

Read the full press release here.