Brazil, Nov. 12 -- The Inter-American Development Bank (IDB) today at COP30 announced the approval of the first guarantee for forest restoration in the Amazon by a multilateral development bank, and also the first in Brazil. The instrument, valued at $15 million, will support the Triunfo do Xingu Environmental Protection Area in the State of Para.With a 20-year term, the guarantee will back the Triunfo do Xingu Recovery Unit (URTX), a pioneering public-private partnership for forest-restoration concessions in Latin America and the Caribbean. The IDB guarantee increases financial security for private investment and acts as a catalyst for private-sector participation in the URTX concession, while improving conditions for accessing credit.The ...