RUB/USD 0,0111
BRL/USD 0,1924
INR/USD 0,1199
CNY/USD 0,1377
ZAR/USD 0,5348
Moscow 25 °C
Brazilia 15 °C
New Delhi 36 °C
Beijing 27 °C
Pretoria 14 °C
Cairo 25 °C
Tehran 32 °C
Abu Dhabi 30 °C
Иконка с часами 14 minutes 2 sec.
Ambassador of Ethiopia to Russia Uriat Cham Ugala/ “Joining BRICS is a growth opportunity for Ethiopia”
Иконка с часами 20 minutes 11 sec.
Douw Vermaak/ «Relations between Russia and South Africa are getting stronger»
Иконка с часами 8 minutes 22 sec.
Anthony Phiri, Harare Institute of Technology/"The world needs to work together to reduce greenhouse gas emissions"
27.05.2416:16 Sport
TV BRICS International Media Network to support development of BRICS Marathon League
23.05.2411:18 Economics
TV BRICS to bring together media managers from BRICS+ countries at International IT Forum in Russia
17.05.2413:30 Society
TV BRICS International Media Network is presented in Xiamen, China
29.02.24 11:45

Brazilian authorities launch programme to stimulate investment in sustainable development projects

The Inter-American Development Bank will provide financing for the programme

The Brazilian government is launching Eco Invest Brasil, a programme designed to stimulate foreign investment in sustainable development projects. This is reported by Agencia CMA, a partner of TV BRICS.

The initiative is presented by Brazil's Ministry of Finance and the country's Ministry of Environment.

The programme, part of Brazil's Environmental Transformation Plan, offers solutions to protect funds from risks associated with currency volatility. According to the Federal Government, it will allow companies and investors based in the country to operate in the capital market and raise funds from abroad.

Eco Invest Brasil is in line with one of the three pillars of Brazil's G20 presidency agenda – sustainable development in three dimensions: economic, social and environmental. The Inter-American Development Bank (IDB), a partner in the programme, will provide R$27 billion (US$545 million) in financing.

"The idea is to support the country's development, liquidity, market efficiency and provide foreign exchange protection by acting together, purchasing derivatives on the external market and transferring them to local financial institutions," explained IDB president Ilan Goldfajn.

For Brazilian businesses, the programme will provide new tools that will facilitate access to financing for environmental projects, the publication said.

Photo: IStock

and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data


30.05.2418:31 Economics
BRICS Bank considers financing projects of non-member countries
30.05.2411:18 Economics
Lula signs law incentivising tax breaks and modernisation of Brazilian industrial park
30.05.2410:30 Economics
Healthcare industry in Gulf Cooperation region is expected to be worth US$135 billion by 2027
29.05.2418:31 Economics
New Development Bank and China sign loan agreement to promote sustainable infrastructure development in Zhejiang Province
29.05.2416:16 Economics
Presentation of III International Eurasia Expo takes place in Russia
29.05.2415:35 Economics
Value of trade between Egypt and China exceeds US$13.9 billion
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data