Norway will contribute 350 million reais to Brazil’s Amazon Fund, which supports efforts to combat deforestation and conserve the Amazon rainforest. (Foto: Instagram)
Norway’s Embassy in Brasília announced Monday, Nov. 9, that the country will contribute 350 million reais to the Amazon Fund, which finances efforts to combat deforestation. Norway is the fund’s largest donor. In a statement, the Norwegian government said its contribution reflects results achieved by Brazil and strengthens the countries’ long-term partnership to protect the world’s largest tropical forest.
Norway has contributed to the fund since 2008, with its donations totaling 3.8 billion reais. The money has supported 200 conservation areas and 100 Indigenous territories, and has financed more than 2,000 operations to fight fires in the Amazon, according to the information released about the fund’s work.
Norway suspended its transfers in 2019, at the start of Jair Bolsonaro’s presidency, after it cited rising deforestation. Donations 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 National Bank for Economic and Social Development (BNDES). It raises and distributes non-repayable funding for measures to prevent, monitor and combat deforestation, as well as to conserve and promote sustainable use of the Legal Amazon. The fund was established on Aug. 1, 2008, under Decree 6,527, and began operating in 2009. BNDES collects donations, chooses which projects receive support, and tracks and reports their results.
