The Cooperation Fund is a mechanism established by the Secretariat for International Affairs of the Ministry of Planning, Development and Management of the Federative Republic of Brazil (SEAIN) and the China-LAC Industrial Cooperation Investment Fund Co., Ltd. (CLAIFUND) that will classify projects deemed as a priority by the Brazilian government in sectors of infrastructure and that can facilitate the cooperation of industrial capacity between Brazil and China. The Fund will primarily operate in Brazil, focusing on projects to be invested in Brazil as per the FUND’s regulation and guidelines.
The organizational structure of the Cooperation Fund is:
I. Steering Committee
II. Technical Working Group
III. Executive Secretary
The projects will be submitted through Consultation Letters. The Proponent will present the Consultation Letter in accordance with the requirements of this Handbook to the Executive Secretariat. The Technical Group will evaluate those Consultation Letters and submits a proposed classification of Consultation Letters to the Steering Committee for final decision.
The projects classified as a priority by the Brazilian government in sectors of infrastructure and that can facilitate the cooperation of industrial capacity between Brazil and China will receive a Certificate to be presented to the Potential Financiers, so that, if the project proponents choose to, they may request the financing or investment from the Potential Financiers.
The Certificate issused by the Cooperation Fund does not imply the right to receive financial contributions. Decisions on financing, investments and disbursements for projects shall be made by the Potential Financiers on a project by project basis, in accordance with their respective internal regulations and procedures, without any interference by the Steering Committee, TWG or the Executive Secretariat.