Brazilian investment bank BTG Pactual and the International Finance Corporation (IFC), the World Bank’s private sector arm, have announced plans to channel up to $1 billion into sustainability and development projects across Brazil and Latin America.
The partnership will run until 2028 and combine co-financing, equity stakes and private equity funds. The initiative comes amid a growing global push for private sector involvement in climate finance and development-driven investment.
“Private institutions can and must be a key force in advancing the climate agenda and driving transformative initiatives that improve lives and foster economic growth,” said Alfonso Garcia Mora, IFC’s regional vice-president for Europe, Latin America and the Caribbean.
BTG Pactual, Latin America’s largest investment bank, emphasised that the deployment of funds would follow strict financial and technical parameters. “The allocation of these resources will be done carefully, adhering to technical and financial criteria,” said chief executive Roberto Sallouti. Brazil, home to much of the Amazon rainforest, sits at the heart of biodiversity conservation and climate action.
The joint investment programme will target projects in climate change mitigation, sustainable economic growth, infrastructure, conservation and the emerging bioeconomy, with the aim of delivering both social and environmental impact.
