BB and EIB Global form €350 million partnership.

Banco do Brasil and the European Investment Bank sign an agreement to support women entrepreneurs and clean energy in the Amazon.

During COP30 in Belém, Banco do Brasil signed a letter of intent with the European Investment Bank (EIB Global) to raise €350 million. The funds will be used to support women entrepreneurs and the implementation of clean energy in the Legal Amazon region.

The partnership represents a significant step forward in sustainable development and economic inclusion strategies in Brazil. The agreement was signed in the context of the climate conference, reinforcing the commitment to initiatives that combine environmental and social impact.

Partnership context

This initiative comes at a time of international pressure for concrete actions to protect the environment and promote inclusive economic development. The Legal Amazon, which encompasses nine Brazilian states, is strategic for both the global climate and the regional economy.

The focus on women entrepreneurs aligns with global agendas for gender equality and strengthening small businesses. Clean energy, in turn, responds to the demand for a just and economically viable energy transition.

Expected impacts

Securing European funding could accelerate renewable energy generation projects in the region and expand access to credit for female entrepreneurs who have historically faced financial barriers. The €350 million represents a substantial investment, although operational details and disbursement schedule have not been disclosed.

Broader context

The news comes at a volatile time for Banco do Brasil. According to a balance sheet released this week, the institution recorded a 60% drop in profit compared to the previous year, impacted by rising default rates and increased provisions. The bank also lowered its projections for 2025.

Meanwhile, the federal government expanded the Sovereign Brazil Plan, a R$30 billion credit line operated by BNDES for companies affected by US tariffs. This measure reflects the Executive branch's efforts to maintain support for the productive sector while negotiating with the United States.

Photo by Felipe Vieira on Unsplash