The Banco do Brasil and the Agência Francesa de Desenvolvimento (AFD) have come together in a significant collaboration. They recently formalized their intentions to raise an impressive sum of 250 million euros, equivalent to around R$ 1.6 billion. This substantial funding is earmarked for sustainable projects focusing on bioeconomy, restoration of degraded areas, low-carbon agriculture, reforestation, and biofuels. The primary beneficiaries of these initiatives will be the diverse biomes of the Amazônia, Cerrado, and Caatinga regions.
In a statement released by Banco do Brasil, José Ricardo Sasseron, the Vice President of Government Affairs and Corporate Sustainability at BB emphasized the broader impact of this collaboration:
“This operation signifies more than just a financial instrument; it is a gesture of international cooperation to reinforce our joint support for a more sustainable and inclusive future.”
Dominique Hautbergue, the Director of AFD in Brazil echoed similar sentiments highlighting their commitment to a development model that values territories, people, and environmental heritage within the Amazon region:
“This new endeavor underscores AFD’s partnership with public development banks in expanding investments necessary to drive sustainable value chains and promote tropical forest conservation.”
With sustainability at its core, this partnership aims to positively influence approximately 50 thousand families through various eco-friendly projects.
The collaboration between Banco do Brasil and AFD symbolizes a shared vision towards creating lasting positive impacts on not only local communities but also on environmental preservation efforts within critical ecosystems like the Amazon rainforest.
Both entities are aligning their resources and expertise towards fostering innovation in sustainable practices while addressing pressing environmental challenges.
By joining forces with AFD, Banco do Brasil is demonstrating its commitment to fostering environmentally conscious initiatives while paving the way for long-term ecological benefits.
As global concerns surrounding climate change intensify, partnerships like these play a vital role in promoting responsible stewardship of natural resources while supporting local economies.
Through strategic alliances such as this one between Banco do Brasil and AFD, we witness firsthand how collaborative efforts can drive meaningful change towards a greener future.
