IFC and BTG Pactual to Allocate Up to $1 Billion for Sustainability Initiatives in Latin America
Investment Announcement: BTG Pactual and the International Finance Corporation (IFC) have announced a partnership to invest up to $1 billion in sustainability and development initiatives by 2028.
Importance of Private Sector: The collaboration highlights the growing role of private sector engagement in climate finance and sustainable development, particularly in regions like Brazil that are crucial for biodiversity.
Investment Focus: The funds will target social and environmental development, conservation, infrastructure, and bioeconomy projects aimed at addressing climate change and promoting economic growth in Latin America.
Leadership Statements: IFC's Alfonso Garcia Mora emphasized the necessity of private sector involvement in advancing the climate agenda, while BTG Pactual's CEO Roberto Sallouti assured careful allocation of resources based on technical and financial criteria.
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