IDB, Banco do Brasil, CAIXA and BNDES plan to develop Amazonia for All ETF

The Inter-American Development Bank (IDB), the National Bank for Economic and Social Development (BNDES), the Bank of Brazil (BB) and CAIXA Econômica Federal (CAIXA) are considering developing a new ETF (Exchange Traded Fund), to be listed on the B3 Sao Paulo Stock Exchange, as an alternative to finance sustainable investments in the Amazon region.

The objective of the “Amazonia for All” ETF is to democratize access to sustainable investments combining the use of financial resources with performance-based incentives and cultivating a more diverse and broader investor base in domestic and international markets.

BNDES, BB and CAIXA will partner to conduct studies for this ETF, with the technical and financial support of the IDB. This partnership is also aligned with the objectives of the “Green Coalition”, an international alliance of public development banks launched last year to promote joint initiatives for the sustainable development of the Amazon region.