Norway will donate 350 million Brazilian reais to the Amazon Fund to support efforts to combat deforestation. (Foto: Instagram)
Norway’s Embassy in Brasília announced on Monday, Nov. 9, that the country will donate R$350 million to the Amazon Fund. Norway is the fund’s largest donor, and its contributions support efforts to combat deforestation.
In a statement, the Norwegian government said the new contribution is based on results Brazil has achieved and strengthens the countries’ long-term partnership to protect the world’s largest tropical forest.
Norway has contributed a total of R$3.8 billion to the fund since 2008. The resources have supported 200 conservation areas and 100 Indigenous territories, and financed more than 2,000 operations to fight fires in the Amazon, according to the information released about the fund.
Norway suspended its payments in 2019, at the start of Jair Bolsonaro’s presidency, after raising concerns about increased deforestation. Contributions resumed in 2023, when Luiz Inácio Lula da Silva returned to the presidency.
Created by Brazil’s federal government, the Amazon Fund is administered by the Brazilian Development Bank, known as BNDES. It raises and distributes non-reimbursable funding for projects focused on preventing, monitoring and combating deforestation, as well as conserving and promoting sustainable use of the Legal Amazon.
The fund was established on Aug. 1, 2008, under Decree 6,527, and began operating in 2009. BNDES is responsible for collecting donations, selecting projects for support, and monitoring and reporting on their results.
