Brazil Considers Using Amazon Fund to Compensate Land Expropriation

The Fund holds approximately R$3.4 billion and was established in 2008 to receive donations for conservation measures. WWF believes the action may increase deforestation.

By Arkady Petrov

RIO DE JANEIRO, BRAZIL - The federal government wants to use the Amazon Fund, set up with donations from Norway and Germany, to pay compensation for expropriation of land in protected areas.

The Amazon Fund was created in 2008 to receive donations for non-reimbursable investments in efforts to prevent, monitor, and combat deforestation, as well as to promote the preservation and sustainable use in the Brazilian Amazon.

It consists of money donated by Norway, the main donor, and Germany. The fund holds R$3.4 billion (US$850 million) and is managed by the National Bank for . . .

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