Brazil’s National Bank for Economic and Social Development (BNDES) has launched a new public call for proposals focused on supporting projects and programmes in the areas of forest bioeconomy, circular economy and urban development.

Known as “blended finance”, the model represents a hybrid financial solution, with different sources of funds and different instruments (financing, investments, guarantees, donations, shares and others). The Bank’s focus is on selecting financial structures capable of attracting different types of investors to enable economic growth, fostering projects and companies that need access to comprehensive and impactful financial solutions, such as small cooperatives, development projects for disadvantaged communities or solid waste recyclers.

BNDES will disburse up to an amount equivalent to approximately USD 18 million in non-reimbursable resources in up to 12 projects. The selected projects will be responsible for attracting third-party resources of at least $3 for every $1 provided by BNDES, resulting in total investments of around $80 million in support of projects with a strong socio-environmental impact and that meet ESG parameters.

Interested parties may register for free through the BNDES Client Portal from May 9 to July 8, 2022.