6 March 2016
In 2008 and 2010, respectively, Norway offered Brazil and Indonesia $1 billion each if they could reduce deforestation. A multimedia Financial Times investigation looks into why Brazil’s money has been paid out while Indonesia’s largely hasn’t. The story takes readers from high-level meetings in Jakarta to the village of Merabu, Indonesia, where locals took three bulldozers hostage after finding they had been used to clear forests for a palm oil plantation. One important difference between Brazil and Indonesia is that Brazil has BNDES, a huge development bank that manages the Amazon Fund, but Indonesia has no equivalent – in part because government officials themselves feared corruption if the Norway money was treated as part of the national budget.