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Brazil and France join forces to support inclusive, low-carbon regional development
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At COP30, the Ministry of Integration and Regional Development (MIDR) and the French Development Agency Group (AFD Group) confirmed a joint declaration of commitment to strengthen territorial transition towards a sustainable development in Brazil’s most vulnerable regions.
The program will support projects in renewable energy, resilient agriculture, sustainable cities, and essential services such as water, sanitation, education and health, improving quality of life while reducing emissions and climate vulnerability in the North, Northeast and Midwest.
Co-designed by MIDR and the AFD Group, it channels a €300 million sovereign loan and €0.3 million in technical assistance to strengthen Brazil’s Regional Development Policy and foster sector diversification for the three Regional Development Funds (FDRs) under the lead of the Secretary of Funds and Financial Tools (SNFIF).
By introducing clear sustainability and inclusion criteria, the initiative will help local governments finance low-carbon investments, resilient infrastructure and protect vulnerable populations.
A major boost for job creation, economic diversification and climate resilience
In total, international partners, including AFD Group, the World Bank, the New Development Bank and the IDB, seek to mobilise up to USD 1.8 billion for the Regional Development Funds (FDCO, FDNE, FDA), providing a major boost for job creation, economic diversification and climate resilience. The initiative turns public policy into tangible results on the field, transforming climate commitments into real improvements for communities and territories. It also aligns fully with the “Baku to Belém” Roadmap for climate finance reform.
“We are at a COP in the Amazon a unique opportunity to ensure that climate finance for resilient, low-emission investments can not only drive growth, but also reduce inequalities and promote inclusion for the people who live here,” declared Waldez Góes, Ministro da Integração e do Desenvolvimento Regional (MIDR ).
“This initiative embodies the spirit of Finance in Common (FiCS) and the ‘Baku to Belém’ roadmap: climate finance reaching the Brazilian territories where it is most needed, with concrete benefits for people and local economies. Together with the Brazilian Federal Government and public developpement banks, join forces to demonstrate how cooperation can deliver impacts for a just and low-carbon transition,” declared Rémy Rioux, Chief Executive Officer – Agence Française de Développement Group (AFD Group).
Press Contact :
Clara Cezar - cezarc.ext@afd.fr
Santiago Giraldo - giraldos@afd.fr
