Search result for: Amazon Fund

Amazon Fund receives R$45 million in donations from Switzerland and the USA

The National Bank for Economic and Social Development (BNDES) announced this Tuesday (3) the approval of two new donations to the Amazon Fund. Contributions were made by Switzerland, in the amount of 5 million Swiss francs (around R$30 million), and by the United States, in the amount of US$3 million (around R$15 million).

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Amazon Fund receives R$3,3 billion in donations

The president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante, announced that the Amazon Fund has already received R$3,3 billion in donations, including R$1 billion from Norway and R$200 million from Germany. In total, the fund, managed by BNDES, accumulates R$5,4 billion, with R$1,8 billion already contracted.

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BNDES wants to create a new fund for the preservation of the Amazon

The National Bank for Economic and Social Development (BNDES) is articulating the creation of a new fund aimed at preserving the Amazon and wants to encourage international financial institutions to deny credit to those who deforest in Brazil. According to the Folha de S.Paulo newspaper, the BNDES has already taken to the Inter-American Development Bank (IDB) the suggestion of blocking financial resources from environmental criminals, during a meeting held this month in Panama. 🌳

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