World Bank Group member the International Finance Corporation (IFC) and Brazil-based investment bank BTG Pactual announced the launch of a new strategic partnership aimed at advancing sustainability and development initiatives in Brazil and across Latin America, by mobilizing resources and expertise to address critical global challenges and fostering impactful investments.
IFC and BTG Pactual said that they aim to reach up to $1 billion in joint investments and the mobilization of private capital by 2028, through the new partnership. Investments under the partnership will be made through both co-financing of social and environmental development and conservation initiatives, and co-investment in portfolio companies, infrastructure and private equity funds, and projects from companies with nature-based solutions or those involved in the Amazon bioeconomy.
Alfonso García Mora, IFC Regional Vice President, Europe, Latin America and the Caribbean, said:
“This partnership with BTG Pactual is a testament to our commitment to fostering sustainable private sector development and job creation in Latin America. The private sector can and should be a critical player in advancing the climate agenda and driving transformative initiatives that improve lives and promote economic growth.”
Under the new partnership, BTG Pactual will be responsible for identifying opportunities for co-financing, equity participation, and fund investments, and IFC for offering financial and technical solutions. The organizations said that they will also share knowledge and best practices, including those related to IFC’s Environmental and Social Performance Standards, which provide guidance on the identification of risks and impacts.
According to BTG Pactual CEO Roberto Sallouti, the new collaboration will accelerate the execution of impact initiatives, providing viability and scale to projects with transformative potential.
Sallouti added:
“The allocation of these resources will be done carefully, adhering to technical and financial criteria, so that the investments to be made available by IFC will be used to promote the changes we need for a more sustainable economy.”
