The article presents the analysis of Brazil positions on key global governance issues. The analysis has been carried out on the basis of G20 documents and data from national sources (laws, national programs, leaders’ statements etc). The research highlights Brazilian priorities which define its positions in G20 and other international institutions.

The Brazil’s approach to tackling global risks is defined by dual character of its national goals. On the one hand Brazil strives for a leading position among Latin American countries and participating in international discussions as a representative of the region. On the other hand Brazil also seeks participation in the international cooperation system as a leader and a BRICS member.

This duality requires flexible and consistent promotion of country’s interests in the context of global risks management.  Implementation of this strategy is constrained by the country’s current socio-economic development.

The study is implemented within the project of the Russian International Affairs Council and International Organizations Research Institute National Research University Higher School of Economics “Enhancing Effectiveness of Russia’s Participation in G20, G8 and BRICS”.