BAKU, Azerbaijan, November 10. The Asian
Infrastructure Investment Bank (AIIB) has approved a USD 1 billion
Climate-Focused Policy-Based Financing (CPBF) loan to support
Brazil’s efforts to meet its climate goals under the country’s
Nationally Determined Contributions, Trend reports via AIIB.
The financing will back policy and institutional reforms aimed
at advancing sustainable finance, energy transition, and green,
resilient infrastructure through Brazil’s Ecological Transformation
Plan.
Jin Liqun, AIIB President and Chair of the Board, said the
program “couples policy ambition with practical market reforms,”
adding that the support will help channel private capital into
sustainable finance, accelerate energy transition, and build
climate-resilient infrastructure, delivering tangible benefits for
people, nature, and the economy.
Tatiana Rosito, Vice Minister for International Affairs at
Brazil’s Ministry of Finance, noted that the CPBF demonstrates how
climate action and development can go hand in hand. She highlighted
that the partnership is helping create markets for sustainable
finance, develop carbon market mechanisms, advance blended finance
initiatives like Eco Invest Brasil, and support low-carbon growth
and biome regeneration.
The CPBF will focus on three pillars: sustainable finance,
energy transition, and green and resilient infrastructure. Key
expected outcomes include establishing governance for a national
carbon market, mobilizing private resources for sustainable
infrastructure and forest conservation, producing low-GHG
sustainable aviation fuel, deploying early-warning systems for
extreme heat, and strengthening forest and mangrove
restoration.
The program will be reviewed semi-annually, complementing
existing policy loans from the World Bank and the Inter-American
Development Bank, while building on AIIB’s research on natural
ecosystems as infrastructure and the integration of infrastructure
investment with environmental and climate health outcomes.
