The UK announced another $44 million for Brazil’s Amazon Fund

Rio de Janeiro, December 2 (EFE). – The United Kingdom announced, today, Saturday, its contribution of 35 million pounds sterling (about 44 million dollars) to the Brazilian Amazon Fund, within the framework of the currently held Climate Summit (COP28). Official sources in Dubai reported.

This announcement came during the formalization of a contribution worth 80 million pounds (about 102.4 million dollars) announced by UK Prime Minister Rishi Sunak to the Fund in May, during the official visit of Brazilian President Luiz. Inacio Lula da Silva to that nation.

According to a statement by the National Bank for Economic and Social Development, the donations confirm the interest shown by the British government in cooperating with the Fund.

The Amazon Fund, created in 2008 during Lula’s second term, remained operational until 2019, when former President Jair Bolsonaro decided to deactivate it, amid promoting policies that boosted mining and other economic activities in the region.

Lula, who assumed his third term on January 1, rescinded these policies on his first day in office and decided to reactivate the fund, which was joined by new donors such as the United Kingdom, the United States, Switzerland, Denmark and France. The European Union joins Norway and Germany, two countries that have supported the initiative financially since its inception.

The Fund provides non-repayable support to prevent, monitor and combat deforestation and to conserve and sustainably use the Amazon region.

Since its establishment, this mechanism has supported 106 projects, with a total investment of 1,800 million Brazilian reals (about 368.8 million dollars), measures that have benefited about 241,000 people through sustainable productive activities, as well as one hundred indigenous areas in the Amazon and America. 196 conservation units. Evie

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