On Apr. 25, BRZ CB issued rules on agents of Eco Invest Brazil Line.
BRZ CB issued Resolution 5.130, regarding provisions on the financing under external private capital mobilization and exchange protection line, Eco Invest Brazil Line.
These provisions are under the scope of the National Climate Change Fund (FNMC).
Highlights
The objectives are to encourage investments in projects that promote ecological transformation, attract foreign investment, enable operations in the capital market.
Also, aims to support development, liquidity and efficiency of foreign currency hedge.
Financial institutions qualified as financial agents of the Eco Invest Brazil Line will be able to access, through loan, the resources of the said line to grant financing per Art. 1
Also will be able to assume all operational risks, including credit risk as indicated.
Listed conditions applicable to operations of the blended finance, considering the Eco Invest Brazil Program and the criteria and conditions established by the BRZ Tax.
BRZ CB will monitor and supervise financial institutions actions regarding access and operation of the Eco Invest Brazil Line, editing standards and adopting measures.
Effectiveness
This Resolution shall come into force on Jun. 3, 2024.
