This marks the largest allocation of resources in the fund's history, which was created in 2009 and has maintained a portfolio of contracts totaling BRL 2.5 billion.
Only 22% of managers consider their municipalities are prepared to face climate change. The figures can be found in a still ongoing study that heard representatives from over 3,600 cities.
The Brazilian president and the prime minister of Barbados met in Georgetown on the sidelines of the 46th Summit of Heads of Government of the Caribbean Community.
The president's main objective is to expand partnerships with African countries and to demand financial aid promised to countries suffering the effects of climate change.
Brazilian Finance Minister Fernando Haddad said the plan is both a platform both for sustainable investment in Brazil and “a globalization that’s environmentally sustainable and socially inclusive.”
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