This network, also called NGFS, is a coalition of 75 central banks and supervisors to combat climate change with joint efforts globally. As a founding member, Bundesbank very much welcomes BCB’s membership. https://www.bundesbank.de/en/press/speeches/climate-risk-the-merits-of-transparency-and-the-role-of-central-banks-851634  1/4  24/11/2020  Climate risk – the merits of transparency and the role of central banks | Deutsche Bundesbank  Brazil is the largest South American economy.
The headwinds have abated but it is not clear they have yet switched to be tailwinds. One potential exception to this is the US. The fiscal stimulus that is in train this year and next is being delivered in an economy with limited spare capacity.