Banco do Brazil Trade Finance Guarantee Program supports renewable energy

Banco do Brasil received a Trade Finance Guarantee (TFG) program from MIGA to support trade-related transactions in Brazil, with commitments of up to $700 million over three years. The program focuses on financing for Micro, Small, and Medium-sized Enterprises (MSMEs) and includes funding for renewable energy initiatives like biofuels and solar power. The first facility under this program involves $400 million in loans to support these activities, contributing to sustainable production and climate change mitigation.