Donations

The Amazon Fund has received donations from foreign governments and companies (see table below) and is also preparing to receive donations from multilateral institutions, non-governmental organizations and individuals.

TOTAL OF DONATIONS RECEIVED BY THE AMAZON FUND – Historical values

DONORS

R$

US$

DATE (month/day/year)

Norway’s Government

36.448.350,22

20.960.578,70

10.09.2009

Norway’s Government

49.600.536,48

28.283.364,59

08.09.2010

Norway’s Government

82.144.231,20

45.149.077,28

03.23.2012

Norway’s Government

36.109.415,20

17.817.731,77

10.02.2012

Norway’s Government

16.139.433,80

7.344.452,24

06.26.2013

Norway’s Government

23.510.385,50

10.698.696,47

06.26.2013

Norway’s Government

1.024.642.336,54

464.669.325,96

10.04.2013

Norway’s Government

385.350.245,49

163.666.121,11

12.23.2013

Federal Republic of Germany - KfW

6.644.100,00

3.952.500,00

12.29.2010

Federal Republic of Germany - KfW

15.954.600,00

7.864.832,89

01.08.2013

Federal Republic of Germany - KfW

26.180.800,00

11.120.181,53

01.06.2014

Federal Republic of Germany - KfW

11.918.000,00

5.385.692,98

07.22.2014

Petróleo Brasileiro S.A. – Petrobras

1.765.983,70

1.016.335,00

10.14.2011

Petróleo Brasileiro S.A. – Petrobras

4.114.671,55

2.368.020,00

10.14.2011

Petróleo Brasileiro S.A. – Petrobras

1.435.257,60

826.000,00

10.14.2011

Petróleo Brasileiro S.A. – Petrobras

156.626,00

88.750,00

01.23.2012

Petróleo Brasileiro S.A. – Petrobras

282.584,58

150.255,00

04.26.2012

Petróleo Brasileiro S.A. – Petrobras

174.320,80

85.155,00

07.13.2012

Petróleo Brasileiro S.A. – Petrobras

327.834,78

167.288,25

02.20.2013

Petróleo Brasileiro S.A. – Petrobras

357.002,13

177.383,55

03.25.2013

Petróleo Brasileiro S.A. – Petrobras

331.912,11

150.656,85

09.25.2013

Petróleo Brasileiro S.A. – Petrobras

222.324,37

94.201,25

01.23.2014

Petróleo Brasileiro S.A. – Petrobras

73.323,19

31.378,95

02.25.2014

Petróleo Brasileiro S.A. – Petrobras

89.806,99

40.232,50

05.06.2014

Petróleo Brasileiro S.A. – Petrobras

177.561,21

80.319,00

05.08.2014

TOTAL

 1.724.151.643,44

  792.188.530,87

 

 

DONATIONS COMMITED, DONATIONS RECEIVED AND BALANCE (donations commited but not yet received)

Position: August 21st, 2014

 

DONOR

(A)
Donations Commited

(A')
Donations Commited
US$

(B)
Donations Received

(B')
Donations Received
US$

(A-B) 
Balance

(A-B)

 Balance converted into US$

Norway’s Government

NOK 4.550.000.000,00

      758.589.348,122

NOK 4.550.000.000,00

      758.589.348,122

-

-

 

Federal Republic of Germany - KfW

EUR 21.000.000,00

        28.323.207,402

EUR 21.000.000,00

       28.323.207,402

-

-

 

Petróleo Brasileiro S.A. Petrobras1

US$

5.275.975,35

 

        5.275.975,35

US$

5.275.975,35

 

       5.275.975,35

-

-

 

 

Total U$

-

792.188.530,87

-

792.188.530,87

-

-

 

1 The amounts were donated in Brazilian R$ by Petrobras and considered the relation of US$ 5.00 per CO2 ton (conversion of R$ / US$ considering the medium exchange rate on the day before the transfer of the resources to the Amazon Fund).

2 Amounts composed of received donations which were converted into US$ considering the exchange rate made public by the Central Bank of Brazil on the dates of the transfer of the resources to the Amazon Fund.

 

Fundraising for the Amazon Fund is linked to the reduction of emissions of greenhouse gases from deforestation, that is, it is conditioned to the reduction of the annual deforestation rate.

Based on data of emission reductions calculated by the Ministry of the Environment and attested by the Technical Committee of the Amazon Fund (CTFA, in Portuguese), BNDES is authorized to raise donations for the Amazon Fund and to issue certificates recognizing the contribution of the donors to the Fund.

Each certificate identifies the donator and the amount of the contribution to the effort to reduce carbon dioxide emissions. These certificates are nominal, non-transferable and do not generate rights or credit of any nature.

See below a summary of the donation agreements of Norway´s Government, Petrobras and the Federal Republic of Germany (KfW). 

Government of Norway

BNDES celebrated on March 25, 2009, a Donation Agreement with the Ministry of Foreign Affairs of Norway, in which a donation was provided to the Amazon Fund in the amount of up to 700 million norwegian kroner.

The Donation Agreement establishes the terms and procedures applicable to the donations from Norway related to the Amazon Fund. Subsequently, additional terms to the donation agreement were signed in which the government of Norway committed to making additional donations for 2010 and 2011.

Summary of the agreement
The amount of funding is linked to the reduction of gas emissions from deforestation and forest degradation and covers only support for projects to be financed by the Fund in the 2009-2015 period. Donations after 2009 will be specified in additional terms proposed by the donor and will depend on the results of the efforts to reduce the annual deforestation rate.

Disbursements by the Norwegian government are made every six months or less, at the request of BNDES, based on the Fund’s financial needs.

BNDES is responsible for analyzing, approving and contracting projects, as well as supervising, monitoring, rendering of accounts and reporting of results. In addition, the Bank must maintain the donations received separate in its accounting books.

Addenda to the Donation Agreement

First  Addendum
On November 9, 2009, a first Addendum to the Donation Agreement was signed. The Norwegian government committed to making additional donations of up to 750 million norwegian kroner  in 2010 and up to 750 million norwegian kroner in 2011. In addition to these amounts, the possibility of additional donations by the government of Norway was also foreseen for 2010 and 2011.

Second Addendum

On December 16, 2010, a second Addendum was signed. The Norwegian government committed to making additional donations of 100 million norwegian kroner. Thus, the total value of the donation in 2010 went up to 850 million norwegian kroner.

Third Addendum
On December 14, 2011, a third Addendum was signed. The Norwegian government committed to making additional donations of 250 million norwegian kroner. Thus, the total value of the donation in 2011 went up to 1 billion norwegian kroner.  It was also defined that the deadline for the request to use the committed funds for the years 2009, 2010 and 2011 will be December 31, 2015.

Fourth Addendum
On July 12, 2012, a fourth Addendum was signed. The changes relate mainly to the clauses dealing with the Reports (Article VIII) and Audit (Article X). The new wording of these clauses provides that the financial statements of the Amazon Fund will be made available by the end of the second quarter of each year, stating the opening balances, the donations received by the Fund describing the amount of donation and relevant donors, the financial income earned by the Fund, the amount disbursed for projects and the amount retained to cover administrative costs of the Fund. It was also established that the financial audit of the Fund shall comply with the International Standard on Auditing (ISA) rules.

Fifth Addendum
On December 11, 2012, a fifth Addendum was signed. The Norwegian government committed to making additional donations of 1 billion norwegian kroner. It was also defined that the deadline for the request to use these funds will be December 31, 2015.

Summary of the New Donation Agreement
On September 17, 2013, BNDES and the Norwegian government signed a new Donation Agreement to consolidate the previous agreements and extend this cooperation until December 2021.

The new Donation Agreement provides that the donated funds will be used in the Amazon Fund projects until the end of 2020. Another important amendment is the full transfer of resources previously committed with to the fund by Norway, made possible by the exemption of the Brazilian federal taxes (PIS/Pasep and COFINS) upon the donations to the Amazon Fund (Law No. 12.810, of 15/05/2013, which amended Law No 11.828/2008).

Addenda to the New Donation Agreement

First  Addendum
On December 10, 2013, a first Addendum was signed. The Norwegian government committed to making additional donations of 1 billion norwegian kroner.

DONATIONS RECEIVED FROM NORWAY`S GOVERNMENT

 

YEAR

AMOUNT

 

2009

NOK 700.000.000,00

2010

NOK 850.000.000,00

2011

   NOK 1.000.000.000,00

2012

   NOK 1.000.000.000,00

2013

   NOK 1.000.000.000,00

Total

                                    NOK 4.550.000.000,00 (US$ 758.589.348,12)

 

NOK = Norwegian Kronen

Click on the donations below to see the certificates recognizing the contribution of the Norwegian government to the effort to reduce carbon dioxide emissions from deforestation

DONATIONS RECEIVED FROM NORWAYS'S GOVERNMENT

 

R$

US$

DATE

1st. Donation

36.448.350,22

20.960.578,70

10.09.2009

2nd. Donation

49.600.536,48

28.283.364,59

08.09.2010

3rd. Donation

82.144.231,20

45.149.077,28

03.23.2012

4th. Donation

36.109.415,20

17.817.731,77

10.02.2012

5th. Donation

16.139.433,80

7.344.452,24

26.06.2013

6th. Donation

23.510.385,50

10.698.696,47

26.06.2013

7th. Donation

1.024.642.336,54

464.669.325,96

10.04.2013

8th. Donation

385.350.245,49

163.666.121,11

12.23.2013

TOTAL

 1.653.944.934,43

 758.589.348,12

 

 See also:

Website of Norwegian government in Brazil
 

Petróleo Brasileiro S.A. - Petrobras

BNDES celebrated on October, 14th, 2011, three Donation Agreements with Petrobras Brasileiro S.A. – Petrobras, in which a donation was provided to the Amazon Fund, as described below. In 2012, a new donation contract was signed by Petrobras and BNDES.

Summary of the agreement
Funds are earmarked exclusively for projects to be funded within the scope of the Amazon Fund according to its rules, conditions, guidelines and criteria.
BNDES is responsible for analyzing, approving and contracting projects, as well as for follow-up, monitoring and accountability. The Bank will maintain proceeds from donations segregated in its books.

Click on the donations below to see the certificates recognizing the contribution of Petrobras to the effort to reduce carbon dioxide emissions.

DONATIONS RECEIVED FROM PETRÓLEO BRASILEIRO S.A. - PETROBRAS

 

R$

US$

DATE

1st. Donation

1.765.983,70

1.016.335,00

10.14.2011

2nd. Donation

4.114.671,55

2.368.020,00

10.14.2011

3rd. Donation

1.435.257,60

826.000,00

10.14.2011

4th. Donation

156.626,00

88.750,00

01.23.2012

5th. Donation

282.584,58

150.255,00

04.26.2012

6th. Donation

174.320,80

85.155,00

07.13.2012

7th. Donation

327.834,78

167.288,25

02.20.2013

8th. Donation

357.002,13

177.383,55

03.25.2013

9th. Donation

331.912,11

150.656,85

09.25.2013

10th. Donation

222.324,37

94.201,25

01.23.2014

11th. Donation

73.323,19

31.378,95

02.25.2014

12th. Donation

89.806,99

40.232,50

05.06.2014

13th. Donation

177.561,21

80.319,00

05.08.2014

TOTAL

  9.509.209,01

 5.275.975,35

 

 See also:  

Website of Petrobras

Federal Republic of Germany - KfW

As authorized by Decree Nº. 6,527/08 and within the scope of the Official Financial Cooperation between the Government of the Federal Republic of Germany and the Government of the Federative Republic of Brazil, on December 7, 2010, was signed a Financial Contribution Contract, as described below, between Kreditanstalt für Wiederaufbau (KfW) and the BNDES (manager of the Amazon Fund). On the same date, details of the contract were also agreed upon by means of a separate agreement.

Summary of the agreement
Total amount: up to EUR 21 million to be granted in accordance with the methodology provided for in the Amazon Fund norms, of which (i) up to EUR 12 million refers to reductions in emissions caused by deforestation in the Amazon in the forest years 2008/2009; and (ii) up to EUR 9 million, to reductions in emissions in the forest years 2009/2010.

Funds are earmarked exclusively for projects to be funded within the scope of the Amazon Fund according to its rules, conditions, guidelines and criteria.

Disbursements by KfW are made at the BNDES’ request, based on the Amazon Fund's financial needs. BNDES is responsible for analyzing, approving and contracting projects, as well as for follow-up, monitoring and accountability, including the publication of an annual report on activities and a meeting with donors. The Bank will maintain proceeds from donations segregated in its books.

THE FEDERAL REPUBLIC OF GERMANY'S (KfW) DONATION COMMITMENT*

YEAR

AMOUNT

REQUEST DATE LIMIT (month/day/year)

2010

€ 21.000.000,00

12.31.2015

TOTAL

21.000.000,00

(US$ 28.351.114,42)**

 


  * Donations will be disbursed in installments conditioned to effective reductions in emissions from deforestation in the Brazilian Amazon

** Amounts composed of: (i) received donations converted to US$ at the dates of the effectively received  funds by BNDES as stated in the donation diplomas and (ii) balance of donations yet to receive considering the exchange rate of January 21st 2014 made public by the Central Bank of Brazil.

Click on the donations below to see the certificate recognizing the contribution of the Federal Republic of Germany - KfW to the effort to reduce carbon dioxide emissions.

DONATIONS RECEIVED FROM THE FEDERAL REPUBLIC OF GERMANY (KfW)

 

R$

US$

DATE

1st. Donation

6.644.100,00

3.952.500,00

12.29.2010

2nd. Donation

15.954.600,00

7.864.832,89

01.08.2013

3rd. Donation

26.180.800,00

11.120.181,53

01.06.2014

4th. Donation

11.918.000,00

5.385.692,98

07.22.2014

TOTAL

 60.697.500,00

 28.323.207,40

 

See also:

Website of the Federal Republic of Germany in Brazil