$2.44b investment plan for the Amazon
SAO PAULO — The Brazilian and the French presidents on Tuesday announced a plan to invest 1 billion euros ($F2.44 billion) in the Amazon, including parts of the rainforest in neighboring French Guiana.
The two countries’ governments said in a joint statement the money would be spread over the next four years to protect the rainforest. It will be a collaboration of state-run Brazilian banks and France’s investment agency. Private resources will also be welcomed, Brazil and France said.
French President Emmanuel Macron and his Brazilian counterpart Luiz Inácio Lula da Silva are meeting this week to revive the relationship between the countries after years of frictions with former President Jair Bolsonaro, deepen cooperation to protect the rainforest and boost trade.
Mr Macron started his three-day visit to Brazil in the Amazon city of Belem, where he met his long-time ally Lula. The French president then took a boat to the Combu island to meet with Indigenous leaders.
Both Mr Macron and Lula saw a protest by Greenpeace Brazil with banners that read “No oil in the Amazon”.
Brazil’s government has contemplated allowing the tapping of oil in a region close to the Para state, where Belem lies.
Lula said during a speech that Macron’s visit is part of a global effort to beef up rainforest protections.
“We want to convince those who have already deforested that they need to contribute in an important way to countries that still have their forests to keep them standing,” Lula said in a speech next to the French president.