Exim Bank of China

Regional News • Americas • Brazil
US government offers Brazilian telecoms financing to buy 5G equipment from Huawei rivals
Brazilian President Jair Bolsonaro and US National Security adviser Robert O’Brien
Brazilian President Jair Bolsonaro and US National Security adviser Robert O’Brien Credit: Marcos Corrêa/PR (Public Domain)

The US government, via the U.S. International Development Finance Corporation (DFC), the U.S. EXIM bank and the National Security Council, offered financing to Brazilian telecoms to keep them from buying Huawei Technologies 5G equipment.

The Chinese Embassy in Brazil on Twitter accused the American government of seeking a networking "monopoly." Still, it said it believed most countries would remain independent and make their own decisions regarding 5G.