By Brazil Stock Guide – Brazil’s development bank BNDES has secured up to $185 million (943.5 million reais) in financing from the Japan Bank for International Cooperation (JBIC), expanding funding for environmentally sustainable projects, including biofuels and electricity transmission.
The deal marks the seventh operation under the GREEN financing line, a framework designed to support projects that reduce greenhouse gas emissions, improve energy efficiency and expand renewable energy use.
The funding will be directed toward strategic sectors critical to Brazil’s decarbonization efforts, particularly biofuels and power transmission infrastructure, which play a key role in integrating renewable energy sources into the national grid.
The GREEN line—short for Global Action for Reconciling Economic Growth and Environmental Preservation—aims to balance economic development with environmental protection, supporting initiatives that contribute to global climate goals.
BNDES has maintained a long-standing partnership with JBIC, including multiple memorandums of understanding focused on infrastructure and sustainability. The most recent agreement, signed on March 25, 2025, covers cooperation in sustainable energy and mineral resources, as well as environmental protection initiatives.
During COP30 in Belém, the institutions signed an amendment incorporating the new GREEN VII line, further strengthening bilateral cooperation.
“With the addition of this credit line to the extensive list of financial operations carried out between BNDES and JBIC, we take another step in strengthening the partnership between the institutions, aiming to support renewable and sustainable projects and advancing Brazil’s sustainable development,” said BNDES President Aloizio Mercadante.
“Since the 1960s, 19 loan agreements have been signed totaling approximately 18 billion reais ($3.4 billion),” he added.
JBIC Senior Managing Executive Officer Hiroki Sekine highlighted the broader global context. “Amid growing global uncertainty, the resilience of economies, energy systems and communities has become increasingly important and represents a shared interest between Japan and Brazil,” he said.
“In this context, we are pleased to announce the signing of the seventh operation (GREEN VII), following the sixth operation (GREEN VI), completed in March last year,” Sekine added.
“This milestone is a strong symbol of the solid partnership between our two institutions. JBIC aspires to contribute to the creation of higher value-added goods and services—not only for bilateral cooperation but also for the global community,” he said.
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