Brazil’s agricultural competitiveness is a concern to countries and trade blocks who are negotiating agreements with Brazil, according to Ambassador Paulo Estivallet de Mesquita, head of the Economics Department of the country’s Ministry of Foreign Relations. 

Visiting South Africa Bachelet drew comparisons between the two countries’ recent histories. 

The project is aimed at lending money to developing nations for investments, much like how the American and European-backed International Monetary Fund and World Bank operate.