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Impacts of Investments of the Brazilian National Development Bank on Regional Sustainability

Instituto Socioambiental

  • Program Environment
  • Program Area Transforming Development Finance
  • Grant Amount $300,000
  • Grant Period September 1, 2020–August 31, 2022
  • Location Sao Paulo, Brazil
  • Geographic Focus Brazil, South America

About this grant

The Instituto Socioambiental is a Brazilian nonprofit organization focused on integrated solutions to environmental and social challenges in the Amazon region. Over the previous grant period, the grantee worked with local partners to ensure compliance with social and environmental standards by the financiers and developers of the Belo Monte hydroelectric project on the Xingu River. Scientific monitoring by the grantee and local indigenous partners was officially accepted to guide the development of a water management system to mitigate impacts of the deviation of up to 80 percent of the Xingu River flows, and resettlement of forcibly evicted communities began. Over the next grant period, Instituto Socioambiental will consolidate its work monitoring and ensuring compliance with safeguards and leverage its achievements with project financiers, such as the Brazilian Development Bank and Inter-American Development Bank.