Nordic investors want change in Brazilian deforestation policy before making further investments

On Thursday, five of the largest Nordic asset managers and investors, had a video conference with the Brazilian administration, expecting a change of direction in the county's policies. After snubbing Amazon donations last year, Brazil hopes they’ll resume.

Brazilian rainforest | Photo: Ole Lind

Norway and Germany are speaking with Brazil about resuming donations, but the countries are conditioning their contributions on their acceptance of Brazil’s deforestation policies, Vice-President Hamilton Mourao told reporters after a video conference Thursday with the chief executive officers of seven European investment funds and one Japanese one.

“It is obvious” that international investors want to see results regarding a reduction in deforestation levels, he said. “If we manage to present something positive in the second half of the year, it is something we can put on the table during talks with the [Amazon] Fund.”

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