France and Brazil Launch $1.1 Billion Amazon Investment Initiative

Presidents Macron and Lula announce significant collaboration on conservation and sustainable agriculture in the Amazon, showcasing a strengthened Franco-Brazilian partnership.

French President Emmanuel Macron and Brazilian President Luiz Inácio Lula da Silva announce a $1.1 billion investment plan for the Amazon rainforest, emphasizing conservation and sustainable agriculture.
The initiative, aimed at bolstering the Amazon in Brazil and French Guiana, signifies a robust bilateral relationship between France and Brazil, despite the stalled EU-Mercosur trade agreement.
Macron's visit to Brazil includes discussions on global issues such as climate finance reform and a global minimum tax on billionaires, reflecting shared priorities of the global south.
The investment plan responds to developing countries' concerns about climate finance, with a focus on government rather than private sector funding, and includes technology transfers.
Despite differences on the Ukraine conflict, Macron and Lula show unity on global challenges, including condemning Venezuela's election interference and discussing the G20's role in international diplomacy.