Decarbonize Pará: Policy Reform Project for Sustainable Development in the Amazon

The general objective is to contribute to the progressive transition of the State of Pará towards zero net emissions of Greenhouse Gases (GHG) by 2050, benefiting the entire population of the State. The specific objectives are to strengthen: (i) the technical capacities of the State to improve the implementation of environmental and climate policies; (ii) sustainable land use through nature-based solutions for increasing forest cover, preserving forests and riparian areas, increasing agricultural production generated through low-carbon or carbon-fixing practices, and development of the Bioeconomy; (iii) fiscal and financial instruments for decarbonization; and (iv) the transversal development of gender and diversity policies for a decarbonized economy.

Project Detail

Country

Brazil

Project Number

BR-L1613

Approval Date

December 6, 2023

Project Status

Implementation

Project Type

Loan Operation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE MITIGATION POLICY

Lending Instrument

Préstamo de Apoyo a Reformas de Política

Lending Instrument Code

PBL

Modality

PBL (Policy Based Loan)

Facility Type

Environmental Classification

Total Cost

USD 300,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 300,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
5836/OC-BR	Sovereign Guaranteed	USD - United States Dollar	Jul. 22, 2024		Ordinary Capital	Flexible Financing Facility

Operation Number

5836/OC-BR

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 22, 2024
Signed Date:
Fund: Ordinary Capital
Financial Instrument: Flexible Financing Facility

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44869

Project Monitoring Report ( Public version)

BR-L1613 Second period Jan-Dec 2023 - Public Report.PDF

Jul. 02, 2024

English

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50050

Loan Contract

Decarbonize Pará - Policy Reform Project for Sustainable Development in the Amazon.pdf

Dec. 07, 2023

English

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50051

Loan Contract

Descarboniza Pará - Proyecto de Reforma de Políticas para el Desarrollo Sostenible en la Amazonía.pdf

Dec. 07, 2023

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0000138-400389908-67

Loan Proposal

Descarboniza Para Proyecto de Reforma de Politicas para el Desarrollo Sostenible en la Amazonia.pdf

Nov. 22, 2023

Spanish