Foreign Relations of Brazil - Regional Policy

Regional Policy

Over the past decade, Brazil has firmly established itself as a regional power. It has traditionally been a leader in the inter-American community and played an important role in collective security efforts, as well as in economic cooperation in the Western Hemisphere. Brazilian foreign policy supports economic and political integration efforts in order to reinforce long-standing relationships with its neighbors. It is a founding member of the Organization of American States (OAS) and the Inter-American Treaty of Reciprocal Assistance (Rio Treaty). It has given high priority to expanding relations with its South American neighbors and strengthening regional bodies such as the Latin American Integration Association (ALADI), the Union of South American Nations (UNASUR) and Mercosur. Although integration is the primary purpose of these organizations, they also serve as forums in which Brazil can exercise its leadership and develop consensus around its positions on regional and global issues. By promoting integration through organizations like Mercosur and UNASUR, Brazil has been able to solidify its role as a regional power. In addition to consolidating its power within South America, Brazil has sought to expand its influence in the broader region by increasing its engagement in the Caribbean and Central America.

Brazil regularly extends export credits and university scholarships to its Latin American neighbors. In recent years, the Brazilian Development Bank (BNDES) has provided US$5 billion worth of loans to countries in the region. Brazil has also increasingly provided Latin American nations with financial aid and technical assistance. Between 2005 and 2009, Cuba, Haiti, and Honduras were the top three recipients of Brazilian assistance, receiving over $50 million annually.