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Brazil’s Amazon Fund to Extend Anti-Deforestation Support to ACTO Countries

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Publication Date: 
July 10, 2012
News Source: 
IISD
At the UN Conference on Sustainable Development (UNCSD, or Rio+20), the Government of Brazil and the Secretariat of the Amazon Cooperation Treaty Organization (ACTO) announced plans to share the US$102.6 million of  Brazil's Amazon Fund with the other seven ACTO member States (Bolivia, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela) to combat deforestation in the Amazon.
 

Preceding the announcement, the Foreign Relations Ministry's ("Itamaraty") director of the South America Department, Clemente Baena Soares, indicated during a public hearing before the Brazilian Senate in May that Itamaraty, the Environment Ministry and Brazil's National Space Research Institute (INPE) had submitted a project toward this end, titled "Monitoring of Deforestation, Forestry Exploration and Land Use Changes in the Amazon Rainforest," to the manager of the Fund, Brazil's National Development Bank (BNDES).
 

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