Image credits: AFP

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.

In the process of resumption, the Amazon Fund intends to finance projects to protect indigenous peoples, control deforestation, combat illegal mining and promote territorial planning in the region, said Mercadante, after the reinstallation of the Amazon Fund Steering Committee (Cofa), held at the bank's headquarters, in Rio de Janeiro. The committee had been at a standstill since 2018.

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