Investment Giant IFC and BTG Pactual to Sink $1 Billion into Sustainable Growth and Development Projects Across 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 across Latin America.

According to Alfonso García Mora, IFC Regional Vice President, this partnership is a commitment to fostering sustainable private sector development and job creation in Latin America. He further emphasized that the private sector can play a critical role in advancing the climate agenda and driving transformative initiatives that improve lives and promote economic growth.

Under the partnership, investments 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. This partnership provides viability and scale to projects with transformative potential, accelerating the execution of impact initiatives.

BTG Pactual will be responsible for identifying opportunities for co-financing, equity participation, and fund investments. Co-investment will also be made in portfolio companies, infrastructure, private equity funds, and projects from companies with nature-based solutions or those involved in the Amazon bioeconomy.

The collaboration will see the IFC offering financial and technical solutions under the new partnership. Moreover, both organizations will share knowledge and best practices, including those related to IFC's Environmental and Social Performance Standards.

The allocation of resources will be done carefully, adhering to technical and financial criteria, ensuring that the investments made under the partnership will be used to promote changes for a more sustainable economy.

Alfonso García Mora stated that this partnership is aimed at addressing critical global challenges and fostering impactful investments. He concluded by saying that the partnership is a significant step towards advancing sustainability and development initiatives in Latin America.