Investment Giant IFC and BTG Pactual Plan to Allocate $1 Billion Towards Sustainable Growth and Development Projects in Latin America

The International Finance Corporation (IFC) and Brazil-based investment bank BTG Pactual have joined forces in a strategic partnership aimed at advancing sustainability and development initiatives in Brazil and Latin America.

According to the agreement, BTG Pactual will be responsible for identifying opportunities for co-financing, equity participation, and fund investments. On the other hand, the IFC will offer financial and technical solutions as part of the partnership.

The investments under this partnership will be made through co-financing of social and environmental development and conservation initiatives. The goal is to reach up to $1 billion in joint investments and the mobilization of private capital by 2028.

Alfonso García Mora, IFC Regional Vice President, Europe, Latin America and the Caribbean, made a statement about the partnership, saying it is a testament to the IFC's commitment to fostering sustainable private sector development and job creation in Latin America.

Roberto Sallouti, CEO of BTG Pactual, stated that the investments made available by IFC will be used to promote changes for a more sustainable economy. He added that the partnership will focus on fostering impactful investments that address critical global challenges.

Co-investment in portfolio companies, infrastructure, private equity funds, and projects from companies with nature-based solutions or those involved in the Amazon bioeconomy is also part of the partnership. The organizations will share knowledge and best practices, including those related to IFC's Environmental and Social Performance Standards.

The partnership is expected to drive transformative initiatives that improve lives and promote economic growth. It is also expected to advance the climate agenda by driving transformative initiatives. The allocation of resources under the partnership will adhere to technical and financial criteria.

The partnership aims to accelerate the execution of impact initiatives and provide viability and scale to projects with transformative potential. According to Sallouti, this partnership is an important step towards a more sustainable future for Latin America.

In conclusion, the IFC and BTG Pactual partnership represents a significant commitment to advancing sustainability and development in Latin America. By working together, these organizations aim to create a more sustainable economy, improve lives, and promote economic growth in the region.