- Brazil’s state development bank to invest R$10 billion ($950 million) in variable income by 2025, half directed to sustainable projects.
- Up to R$30 billion in total green financing expected through private capital mobilization.
- Strategic focus shifts from “national champions” to climate, innovation, and transparency.
Brazil’s national development bank, BNDES, has launched one of its largest public investment initiatives in nearly a decade, committing R$10 billion in variable income through 2025. Of this, R$5 billion will be directly allocated to companies advancing decarbonization, innovation, and ecological transition projects, with the remaining R$5 billion channeled through investment funds.
