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Agreement Between the Federative Republic of Brazil, the AfDB and the ADF (South-South Cooperation Trust Fund)
In recent years, Brazil has emerged as a major player in the international development community, having demonstrated successful poverty reduction through sustainable economic development. With a view to sharing proven development practice and resources with other development countries, Brazil has been pivotal in promoting South-South Cooperation. The establishment of Brazil-Africa Forum on Politics, Cooperation and Trade in 2003, the opening of 17 Embassies in Africa as well as the launch of an alliance between India, Brazil and South Africa (IBSA) are some of the country‟s initiatives related to South-South Cooperation.