IDB Has US$ 200 Million to Recover Brazil’s Amazon

The president of the Interamerican Development Bank (Banco Interamericano de Desenvolvimento) (BID), LuÀ­s Alberto Moreno, was in Manaus, in the North of Brazil, Tuesday, February 14, and flew over an area known as the Educandos Basin.

Four waterways (igarapés) in the basin are to be recovered through an IDB financing project of US$ 140 million as part of a larger program to recover various waterways near Manaus (Programa de Recuperação Social e Ambiental dos Igarapés de Manaus) (Prosamim).

Brazil will make a counterpart payment of US$ 60 million to be paid by the state of Amazonas.

Prosamim also is recovering seven other waterways in the area around Manaus with financing from the Caixa Econômica Federal (Federal Savings Bank) totaling US$ 58.32 million.

The IDB financing project has been in the pipeline for three years. "This is going to be model for future projects. It will benefit regional fishing. The important thing is that we have done the planning and are now ready for execution," said Moreno.

At the moment the IDB has projects worth some US$ 200 million in the Amazon region. The bank is involved in recuperating the historical center of Manaus and a protection system for the whole region (Sistema de Proteção da Amazônia).

Agência Brasil


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Brazil’s Ports Still Not Prepared Against Terrorism

Security norms are becoming increasingly rigorous worldwide, both for passengers and cargo, and there ...

Brazil Pleasantly Surprised by Year-End Numbers: Industry GDP Is Up 5.3%

Brazil's processing industry should end this year with a 5.8% growth rate and contribute ...

Brazil’s Embraer Delivers 60 Jets and Gets 78 New Orders

Embraer, Brazilian aircraft manufacturer, announced the delivery of 60 aircrafts in the first half ...

Funny Name of Brazil’s Azalí©ia Shoe

Azaléia, one of the largest shoe companies in Brazil, announced the launching of a ...

Brazil's Folha de S. Paulo headline: Lula and Alckmin Dispute Second Round

Brazilian Masses Send Lula a Message: We May Be Poor But We Are Not Dumb

The first interpretations suggested by the tight electoral results of Sunday (October 1st) have ...

World Social Forum Back in Brazil After India Stint

The creation of a space for groups with common themes to debate ideas is ...

Brazilian Rice Growers Say They Are Losing Money and Nobody Cares

In the city of Esteio, 25 km from Porto Alegre, state of Rio Grande ...

On the Jobs Front, Brazil Is No U.S., Says Minister

"Credit for industry should not be a problem. Up to the end of the ...

Castro Uses Mercosur Stage to Accuse US of 600 Plots to Kill Him

Fidel Castro arrived in Argentina to sign cooperation and trade agreements with the Mercosur ...

Blackness’s Fear and Stigma Make Brazil a 6% Black Country

I would now like to turn my attention to the ever popular argument concerning ...