UK Donates £80m To Brazil Amazon Fund

May 11, 2023

 

UK Donates £80m To Brazil Amazon Fund

Last week, the UK agreed to provide £80 million, around $101 million, to the Brazilian government’s fund to protect the Amazon rainforest, as the country’s new leadership ramps up its protection of the environment.

Prime Minister Rishi Sunak and Brazil’s President Luiz Inácio Lula da Silva (Lula) confirmed the contribution to the Amazon Fund following their meeting ahead of King Charles’ coronation in London.

The fund was originally launched in 2009, to fight against deforestation and build sustainable initiatives in the rainforest, and has been reinvigorated by the newly appointed Brazilian president.

“President Lula has exhibited great leadership on climate change,” said the UK prime minister on Twitter, adding that he was pleased that Britain will be contributing to the fund, “so we can help stop deforestation and protect biodiversity.”

The Amazon Fund is managed by the Brazilian Development Bank (BNDES), which is responsible for raising and investing funds, monitoring the projects supported, rendering accounts and communicating results obtained.

 

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