Terms
- Announced
- 29 Oct 2025
- Instrument
- Debt
- Amount
- US$18.5mReported as R$100m of a R$135m project, converted at 0.1855 USD/BRL (October 2025 average)
- Source
- fundovale.org
Parties
- Project developer
- Belterra Agroflorestas
- Country
- Brazil
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Fundo Clima (BNDES) Lender US$18.5m Sole provider: the whole transaction Fundo Vale Guarantor Not credited Credit support, not a provider of capital
Carbon
- Pathway
- ARR (afforestation, reforestation, revegetation)
- Project type as recorded
- Cocoa-based agroforestry / soil carbon / reforestation (40,000 ha by 2030)
What happened
- BNDES approved R$100m through the Brazilian Climate Fund (Fundo Clima) to restore 2,750 ha of degraded pasture in agroforestry across Mato Grosso, Bahia, Para and Rondonia by 2027. Fundo Vale contributed R$20m to structure the guarantee mechanism.
Kumo note
- Concessional BNDES climate-fund lending into agroforestry restoration, made possible by a R$20m guarantee structure from Fundo Vale.
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