THE CREATION, OPERATION AND MONITORING OF FINANCIAL FUNDS FOR ENVIRONMENTAL PERFORMANCE2 3CreditsThis document was prepared and financed by the German Cooperation for Sustainable Development, implemented by GIZ within the framework of the Innovation Fund of the Sectoral Network community

APRENDIDAS EN LA CREACIÓN, OPERACIÓN Y SEGUIMIENTO DE FONDOS FINANCIEROS PARA EL DESEMPEÑO AMBIENTAL2 3CréditosEste documento fue elaborado y financiado por la Cooperación Alemana para el Desarrollo, implementada por la GIZ en el marco del Fondo de Innovación de la Red Sectorial de Gestión

)Fundação Brasileira para o Desenvolvimento Sustentável (Brazilian Foundation for Sustainable Development)Fórum Brasileiro de ONGs e Movimentos Sociais para o Meio Ambiente (Brazilian Forum of NGOs and Social Movements for the Environment)Financiadora de Estudos e Projetos (Financier of Studies and

commitment of financial resources 2008 - 2019Graph 6 Projects financed by the Amazon Fund - Allocation of funds from the federal public sectorGraph 7 Projects financed by the Amazon Fund - Allocation of resources to statesGraph 8 Projects focused on municipal managementGraph 9 Projects Financed

fighting deforestation and supplement them with forest protection and sustainable production measures. Highlights: Prior to fund management for the FA, BNDES had no experience in selecting grant-financed projects in forest protection. Through the FA, the BNDES is starting to fulfil its potential