Brazil, Nov. 12 -- The Inter-American Development Bank (IDB) and the Brazilian Development Bank (BNDES) signed a letter of intent today to enable $1 billion (approximately 5.3 billion reais) in financing for micro, small, and medium-sized enterprises (MSMEs) operating in four strategic biomes of the country: the Amazon, Cerrado, Caatinga, and Pantanal.The initiative, known as the PRO-BIOMAS Program, aims to expand access to competitive financing for sustainable practices among MSMEs and small, rural producers, strengthening the bioeconomy, sustainable agriculture, and value chains in renewable energy. The letter was signed by IDB Group President Ilan Goldfajn and BNDES President Aloizio Mercadante during COP30. MSMEs account for 99% of busi...