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09.03.25 16:16

Society

Brazil receives US$247 million investment for reforestation and sustainable development

The country now has 18 months to develop an implementation plan and detail the projects that will be developed under the programme

Brazil has received approval for a US$247 million investment plan to promote reforestation and increase the use of nature-based solutions. The plan, approved by the Climate Investment Funds (CIF), will finance restoration projects in the Amazon and Cerrado. This is reported by the official website of the Brazilian Government.

The investments include US$47 million from the CIF, US$100 million from the Climate Fund through the National Bank for Economic and Social Development (BNDES) and US$100 million from the World Bank. The funding will be channelled to the private sector to support rehabilitation projects and the creation of sustainable production chains.

Nature, People and Climate (NPC) Investment Plan for Brazil supports the development of nature-based solutions to combat climate change, restore ecosystems and strengthen the resilience of rural communities. The plan is expected to lead to the restoration of 54,000 hectares of forests, reduce CO2 emissions by 7.75 million tonnes and create up to 21,000 direct and indirect jobs.

Brazil now has 18 months to develop an implementation plan and detail the projects to be developed under the NPC.

Photo: iStock

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India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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