Amazon Bioeconomy Fund

The partnership is in line with the objectives of the Green Coalition and Amazonia Forever program NEW YORK - The Inter-American Development Bank (IDB) and Banco do Brasil today signed a letter of intent paving the way for a $250 million financing program, part of a Conditional Credit Line for Investment Projects (CCLIP) of up to $1 billion. The program will promote the bioeconomy and sustainable infrastructure initiatives, with an emphasis on connectivity and renewable energy sources, in Brazil's Amazonian states. The announcement was made during a meeting between IDB President Ilan Goldfajn

MANAUS, Brazil – The Inter-American Development Bank (IDB) announced today a technical cooperation agreement with the Brazilian Forest Service (SFB) and the National Bank for Economic and Social Development (BNDES) to support the structuring of public-private partnership (PPP) projects to sustainably manage subnational environmental assets in the Brazilian Amazon. The non-reimbursable technical cooperation of $1 million is funded by the Green Climate Fund (GCF) through the IDB's Amazonia Forever program. The cooperation will focus on helping structure subnational PPP projects for forest

Two initiatives aim to reduce deforestation and conserve biodiversity Cali, COLOMBIA – The Inter-American Development Bank and Brazil's Ministry of Environment and Climate Change announced two agreements at the UN Conference on Biodiversity, COP16, to promote the bioeconomy and support communities in building new nature-based business ventures in the context of the IDB’s Amazonia Forever program. The first cooperation, in partnership with nature-conservation groups World Wildlife Fund, and the Brazilian Fund for Biodiversity (Funbio), will support the development and implementation of “ARPA

The Inter-American Development Bank (IDB) has approved a $16 million loan to expand access to credit so that bio-businesses in the Ecuadorian Amazon can grow and diversify, boosting the region’s socioeconomic development. The Bio-Business Financing for a Sustainable Amazon (BASE) program, which has been approved by the IDB Board of Executive Directors, is the first global credit operation for Amazonian bio-businesses in the Andean region under Amazonia Forever – a holistic, regional umbrella program launched in June 2023 to accelerate sustainable development in the Amazon. The BASE program

Indigenous peoples support fund kicks off with Peru projects Cali, COLOMBIA – Peru's indigenous organization AIDESEP has become the first such group to get a project approved by the Inter-American Development Bank (IDB), a move that will improve its bioenterprise management capabilities and the quality of production of 25 indigenous enterprises in nine Amazon regions. It will also invest in the execution of Indigenous Life Plans, upholding their perspective on economic development, food sovereignty and territorial protection, as well as in the implementation of its indigenous bioeconomy

The Inter-American Development Bank (IDB) – through its innovation laboratory, IDB Lab – and Latimpacto have signed an agreement to support solutions with social and environmental impact that contribute to the reduction of greenhouse gas emissions in Latin America and the Caribbean. With initial funding of $3.8 million, to which contributions from private and strategic partners are expected to be added, this partnership aims to reduce or avoid about 6.2 million tons of carbon dioxide by its fifth year, and provide support to between 400 and 500 entrepreneurs and startups that are generating

The Inter-American Development Bank (IDB) agreed on a US$12 million financing support to Suriname to enhance access to credit for micro, small, and medium-sized enterprises (MSMEs), focusing on bio-businesses.

The Inter-American Development Bank (IDB) has approved a $20 million loan and $2 million in nonreimbursable investment financing from the France-IDB Natural Capital Lab Trust Fund (NCL) to increase biobusiness investments in the Amazon region of Peru and contribute to sustainable use of natural capital. The program will help meet the target market’s diverse needs by offering a menu of innovative financial products for private investment in biobusinesses engaged in the restoration and conservation of the region’s natural heritage. To this end, the Corporación Financiera de Desarrollo

BELÉM, Brazil – The Governors of the Brazilian Interstate Consortium for the Sustainable Development of the Legal Amazon will increase their collaboration as part of the Inter-American Development Bank's regional program, Amazonia Forever. After a high-level dialogue with the Minister of Planning and Budget and Governor of the Inter-American Development Bank (IDB), Simone Tebet, IDB President Ilan Goldfajn, and President of the Legal Amazon Consortium, the Governor of the State of Pará, Helder Barbalho, signed a letter of intent to explore channeling financial resources and technical

DUBAI – The public development banks of the Green Coalition aim to mobilize resources between $10 billion and $20 billion by creating a sustainable development platform. These resources will be directed to the Amazon development agenda 2024-2030, with the collaboration of the Green Coalition’s international partners, to support the financing of sustainable investments in the Amazon region. The announcement was made during COP28 in Dubai, where the Green Coalition also unveiled its two-year action plan, the results of which will be presented at COP30 in Belem, Brazil, the city where this

BELÉM, Brazil - Development banks from the Amazon basin countries today launched the Green Coalition, a pioneering international alliance mobilized by the Inter-American Development Bank (IDB) and the Brazilian Development Bank (BNDES) to carry out collaborative, synergistic and complementary sustainable development initiatives with unprecedented scale and impact for the Amazon region, while respecting local and regional characteristics. The participation of the IDB and BNDES in the Green Coalition is part of their respective long-term strategies for sustainable development, in general, and to

GCF fund will and be one of the financing vehicles of the IDB´s Amazon Initiative which comprises the six amazon countries