The International Finance Corporation (IFC), a member of the World Bank Group, and Brazil-based investment bank BTG Pactual have announced a new strategic partnership. This collaboration is designed to advance sustainability and development initiatives in Brazil and throughout Latin America by leveraging resources and expertise to tackle critical global challenges and promote impactful investments.
The IFC and BTG Pactual plan to reach up to $1 billion in joint investments and mobilise private capital by 2028 through this partnership. Investments will occur via co-financing of social and environmental development and conservation initiatives and co-investment in portfolio companies, infrastructure, 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 for Europe, Latin America, and the Caribbean, stated that this partnership with BTG Pactual underscores their commitment to fostering sustainable private sector development and job creation in Latin America. He emphasised the crucial role of the private sector in advancing the climate agenda and driving transformative initiatives that enhance lives and promote economic growth.
Within this new partnership, BTG Pactual will identify opportunities for co-financing, equity participation, and fund investments, while the IFC will provide financial and technical solutions. Both organisations will share knowledge and best practices, including those related to IFC’s Environmental and Social Performance Standards, which guide the identification of risks and impacts.
BTG Pactual CEO Roberto Sallouti noted that the collaboration would accelerate the execution of impact initiatives, offering viability and scale to projects with transformative potential. He added that resource allocation will adhere to technical and financial criteria, ensuring that investments from the IFC contribute to the necessary changes for a more sustainable economy.
