Brazil, Nov. 12 -- The Inter-American Development Bank (IDB), the Brazilian Ministry of Environment and Climate Change, and the Brazilian Development Bank (BNDES) signed a letter of intent to enable a $500 million contribution from the IDB to Brazil's National Climate Change Fund (FNMC, its Portuguese acronym).The goal is to deepen collaboration among the three institutions to develop a joint initiative for financing projects through FNMC resources. Actions may include financial contributions from the IDB to the FNMC, strengthening the Fund's capacity to meet Brazil's growing demand for financing for sustainable development projects.The signing ceremony took place during COP30 and was attended by IDB Group President Ilan Goldfajn; the execu...