"Exclusive: U.S. Eyes Joining Amazon Fund During Biden-Lula Visit"

"RIO DE JANEIRO/WASHINGTON - The United States is considering its first contribution to a multilateral fund aimed at fighting Amazon deforestation, with a possible announcement during President Joe Biden's meeting with Brazil's Luiz Inacio Lula da Silva at the White House on Friday, two U.S. official with direct knowledge of the matter said.

A U.S. contribution to the Brazilian-administered Amazon Fund would underline warmer ties between the two largest democracies in the Western Hemisphere, after frostier relations between Biden and former far right President Jair Bolsonaro.

The Amazon Fund was set up in 2009 with an initial donation from Norway to help fight deforestation and spur sustainable development in Brazil. Bolsonaro froze the fund when he took office in 2019, but Lula has rebooted it with support from Norway and Germany. Britain is also looking at joining the fund, which has received $1.3 billion so far."

Gabriel Stargardter and Andrea Shalal report for Reuters February 9, 2023.


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Source: Reuters, 02/10/2023