The United Kingdom (UK) and the Inter-American Development Bank (IDB) strengthened their commitment to the sustainable development of the Amazon region. Through the signature of a joint statement, the IDB and UK will seek to promote the sustainable development of the Amazon basin with a special focus on forest protection, nature and biodiversity.

The UK’s strategic partnership with the IDB under the Amazon Initiative is aligned with the country's 2030 Strategic Framework for International Climate and Nature Action. This strategy emphasizes the significance of aiding multilateral development banks in fulfilling the commitments established in the COP26 Joint Statement on Nature, People, and the Planet. Through the signature of the joint statement, the UK commended the IDB's efforts to coordinate actions in the Amazon region.

Most recently, the UK, through the Foreign, Commonwealth & Development Office (FCDO) and the Department for Business, Energy & Industrial Strategy (BEIS), finalized its GBP 4,745,000.00 contribution to the Amazon Bioeconomy and Forest Management Multi-Donor Trust Fund, joining the Governments of Germany, the Netherlands, and Switzerland as donors of the Multidonor Trust Fund.

The fund aims to increase resource mobilization from the public and private sectors to support the Amazon region. It focuses on three main areas: reducing pressure on forest ecosystems through better environmental governance and sustainable economic alternatives; empowering small and medium-scale land users to protect and sustainably use forests and developing normative frameworks; and scaling up financial solutions to reduce deforestation and ecosystem degradation from commodity supply chains, benefiting small and medium-scale farmers.

IDB President Ilan Goldfajn said, "At the recent Annual Meeting of the IDB and IDB Invest Boards of Governors in Panama, we reiterated our commitment to explore sustainable approaches to safeguard the Amazon and raise our ambitious to fight deforestation. We thank the UK government for joining the IDB's Amazon Multi-Donor Trust Fund, a crucial funding source for the Amazon Initiative."

Lord Goldsmith, the United Kingdom's International Environment and Climate Minister, said: “The Amazon rainforest, its vast ecosystems and the diverse communities who call it home, are on the frontline of climate change. But they are also a huge part of the solution. The UK is committed to ensuring sustainable development, to protect nature and biodiversity, and improve lives, to help people and planet thrive. The UK’s contribution to the Amazon Bioeconomy and Forest Management Fund will help support community-led projects to tackle deforestation and provide sustainable business opportunities to Indigenous and other forest peoples whose livelihoods depend on forests.”