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BR-T1489 : Financing for the Amazon: Strengthening the Financial Ecosystem for Amazon Bio-Businesses (FinAm)

Project Status: Implementation

The objective of this Technical Cooperation (TC) is to provide institutional strengthening of the capacity of the Banco da Amazônia and state governments to foster an enabling environment to scale up investments in sustainable bio-businesses in the Amazon, resulting in forest conservation, reduction of deforestation, and improved capacity of governmental financial entities to promote and deploy resources towards these activities. Strengthen the financing ecosystem in the Amazon to facilitate access to innovative green finance and promote public-private investment in bio-business in the Amazon region to generate income, reduce emissions, combat deforestation and protect the forest in states in the region, adding to state government initiatives. Through this partnership, processes, financial products and the structuring of innovative green mechanisms would be developed to attract additional resources with a focus on bio-businesses.

Project Detail

Project Number
BR-T1489
Approval date
September 15, 2021
Project Country
Brazil
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCING FOR ENVIRONMENTAL SUSTAINABILITY
Project Type
Technical Cooperation
Project Lending Type
SG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/OC-18818-BR

Financial Information

Project Number
BR-T1489
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Nov/25/2022

Roles & Responsibilities

Contract signature date
Sep/15/2021
Operation Number
ATN/OC-18819-BR

Financial Information

Project Number
BR-T1489
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Nov/25/2022

Roles & Responsibilities

Contract signature date
Sep/15/2021

Project Information

Total Cost
USD 300,000
Country counterpart financing
USD 0
Amount
USD 300,000

Preparation

Title
Type
Project Number
Date Published
TC Abstract
BR-T1489
August 30, 2021

Approved

Title
Type
Project Number
Date Published
TC Document
BR-T1489
December 10, 2021
TC Document
BR-T1489
December 10, 2021
TC Document
BR-T1489
December 10, 2021
TC Document
BR-T1489
December 10, 2021
TC Document
BR-T1489
December 10, 2021

Implementation

Title
Type
Project Number
Date Published
Notice of Contract Award (SG)
BR-T1489
December 16, 2021