Part of the Amazonia Forever program, the guarantee reduces risk and enables large-scale participation by the private sector, promoting the restoration of nearly 10,000 hectares and the creation of 2,000 jobs
BELÉM, Brazil — The Inter-American Development Bank (IDB) today at COP30 announced the approval of the first guarantee for forest restoration in the Amazon by a multilateral development bank, and also the first in Brazil. The instrument, valued at $15 million, will support the Triunfo do Xingu Environmental Protection Area in the State of Pará.
With a 20-year term, the guarantee will back the Triunfo do Xingu Recovery Unit (URTX), a pioneering public-private partnership for forest-restoration concessions in Latin America and the Caribbean. The IDB guarantee increases financial security for private investment and acts as a catalyst for private-sector participation in the URTX concession, while improving conditions for accessing credit.
The operation was structured under Amazonia Forever, an IDB Group umbrella program that mobilizes investments for sustainable development in the Amazon region.
The announcement was attended by Brazil's Minister of Planning and Budget, Simone Tebet; the Governor of the State of Pará, Helder Barbalho; the Director of Planning and Institutional Relations of the National Bank for Economic and Social Development (BNDES), Nelson Barbosa; and the Director-General of the Brazilian Forest Service (SFB), Garo Batmanian.
“This is a concrete outcome of Amazonia Forever and a replicable model for other Amazonian countries, as well as for other biomes in Latin America and the Caribbean,” said IDB Group President Ilan Goldfajn. “Creating conditions for large-scale, sustainable businesses is essential to protect the Amazon and foster development for its populations,” he added.
“In addition to being innovative from an environmental standpoint, this operation also innovates in its financial structuring, which will help Brazilian states channel resources for development into environmental and social projects, addressing a historical challenge in structuring guarantees for public-private partnerships. This operation received approval from Brazil’s External Financing Commission so that it can also count on a National Treasury guarantee,” said Minister Tebet.
“The symbolism of taking the first step in Triunfo do Xingu is enormous – an area that has suffered pressure from livestock farming in recent decades, where the State has recovered the territory and initiated the first public concession for restoration in Brazil, with studies that show real economic viability,” said Governor Barbalho.
The operation was approved by the IDB’s Board of Executive Directors and will be submitted to the relevant Brazilian government bodies before implementation.
A Guarantee with Real Development Impacts
This operation sets a new milestone for mobilizing the private sector for forest restoration in the Amazon. The following results are expected during the concession period:
- 9,980 hectares of forests restored and conserved
- 3.7 million tons of CO₂ sequestered
- $2.5 million invested in local communities
- 2,000 jobs created
- More than $46 million in investments
- Boost to the bioeconomy, local value chains, and social inclusion
Next Steps for Amazonia Forever
The Triunfo do Xingu model is part of a new phase in the IDB Group’s expanding Amazonia Forever program.
The IDB is working with the government of the State of Pará to include two new areas in the Triunfo do Xingu Environmental Protection Area and supports the government of the State of Rondônia in similar restoration and conservation projects.
At the federal level, in partnership with the federal government, BNDES, and SFB, the IDB supports projects covering more than 7.5 million hectares of forests in Federal Conservation Units. This network of forest public-private partnerships includes seven concessions in Federal Conservation Units for forest restoration and five federal concessions for sustainable forest management.
The IDB Group at COP30
The IDB Group is holding more than 80 events at COP30 to present solutions aimed at closing financing gaps for resilient development through partnerships, innovation, and a focus on measurable impact in Latin America and the Caribbean. Journalists present are invited to visit our spaces, with no registration required: the IDB Group Pavilion in the Blue Zone, the IDB Group Pavilion in the Green Zone, and the AMAZÔNIA SEMPRE Station at the Goeldi Museum. Follow our COP30 page for all news and event schedules.
The IDB Group is acting as a bridge – connecting governments and investors, the public and private sectors, people and communities – to mobilize at least $6 billion in announcements that help close financing gaps for resilient development and support national priorities.
About the IDB Group
The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for improving lives in Latin America and the Caribbean. It comprises the IDB, which works with the region’s public sector and enables the private sector; IDB Invest, which directly supports private companies and projects; and IDB Lab, which spurs entrepreneurial innovation.
Simon, Luis Alejandro
De Araujo Aragaki,Bruno Katsumi
