Overview

• The Treasury introduced a partial currency hedge with terms described as more favorable than market options to reduce exchange-rate risk for overseas investors.
• Participating banks must commit to mobilizing private capital by specifying how much equity they will raise for eligible funds and projects.
• Proceeds will target tech-based companies, startups, and growth businesses in bioeconomy, energy transition such as SAF, green hydrogen and biogas, and circular-economy solutions including bioplastics, waste management, and battery recycling.
• A ministerial ordinance will detail auction procedures, and financial institutions are expected to file proposals by Nov. 19, 2025.
• Earlier editions mobilized more than R$75 billion, including about R$46 billion from foreign investors, with over R$4 billion already disbursed to projects.