IDB Approves Financing for Banco do Brasil to Support Bioeconomy and Sustainable Infrastructure in the Amazon
Brazil, June 19 -- The Inter-American Development Bank (IDB) approved a $250 million financing package to support the BB Amazonia Program, a joint initiative with Banco do Brasil (BB) aimed at promoting bioeconomy businesses and expanding sustainable infrastructure in the Brazilian Legal Amazon.The financing package includes a $175 million loan from the IDB and a $75 million loan from Green Climate Fund (GCF). The program will expand access to credit for local small bio-businesses across bioeconomy value chains, as well as for sustainable infrastructure projects focused on renewable energy and digital connectivity. As many as 11,700 micro, small and medium-sized enterprises, producers, entrepreneurs, family rural producers, cooperatives and...
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