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Overview
- Speaking in Maputo during celebrations of Mozambique's 50 years of independence, Lula said Brazil is working to rebuild the bank's capacity to finance the internationalization of domestic companies.
- He argued that no major country exports services without offering credit and cited Mozambique's needs for ports, roads, power plants, and transmission lines.
- Mozambican President Daniel Chapo said he plans to use the Brazilian bank's know-how to structure a future national development bank.
- The two governments signed nine cooperation agreements spanning research, agriculture, diplomatic training, microenterprise support, education, and health.
- BNDES's export-financing line launched in 1998 was targeted by the Car Wash investigation and largely halted, and reactivation is being advocated as a policy objective rather than announced as an operational shift.