💨 Abstract

Brazil is funding environmental projects with proceeds from its first sustainable sovereign bonds, raised in 2023 and 2024, but is in the early stages of implementation. As of July, 9% of the funds have been allocated, with the aim to meet deadlines in the bonds’ terms. The government has 24 months from the issue dates to disburse the funds, which are managed by development bank BNDES.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖